Key Takeaways
- • Hines announces comprehensive leadership transition effective January 1, 2027, elevating Adam Hines to Co-CEO alongside Laura Hines-Pierce, who has led the firm for over five years.
- • David Steinbach becomes President and will lead strategy execution; Alfonso Munk becomes Global Chief Investment Officer; Jeff Hines transitions to Chairman.
- • The discretionary business has grown approximately 20% CAGR since 2018 under Laura and Adam's leadership; the Private Wealth business has doubled in size under Adam's direction.
- • Laura Hines-Pierce will assume CEO and Board Chair roles at Hines Global Income Trust (HGIT), with Adam joining its Board; the Hines family will maintain control through HGIT Advisors LP.
- • The restructuring represents a multi-generational transition designed to capitalize on momentum in Hines' global real assets platform.
Summary
Hines, the global real assets investment manager headquartered in Houston, announced a planned leadership transition that formalizes the next generation of family-led management while maintaining the firm's strategic direction. Effective January 1, 2027, Adam Hines will join his sister Laura Hines-Pierce as Co-Chief Executive Officer, elevating him from his current role where he has overseen the firm's Private Wealth business. Laura has served as sole CEO for over five years and will continue driving the organization's strategy alongside her brother.
The restructuring expands senior management across functional areas. David Steinbach, who previously held the Global CIO position, becomes President and will serve as the operating partner to the Co-CEOs, managing day-to-day execution of firmwide strategy. Alfonso Munk succeeds Steinbach as Global Chief Investment Officer, taking responsibility for investment strategy and performance across Hines' real assets platform. Jeff Hines, the family patriarch, transitions from CEO to Chairman. In tandem with the corporate restructuring, Laura will become CEO and Board Chair of Hines Global Income Trust (HGIT), while Adam joins HGIT's Board as a Director. The three family members will collectively control HGIT Advisors LP, the trust's advisor.
The leadership appointments are grounded in demonstrated business performance. Under Laura and Adam's leadership over the past five-plus years, Hines' discretionary business has expanded at approximately 20% compound annual growth rate since 2018. Adam's tenure building and scaling the Private Wealth business resulted in it doubling in size, establishing a strategic pillar within the firm's broader real assets platform. The transition is designed to leverage this momentum and sustain growth across Hines' global operations as the firm continues investing in real estate, infrastructure, and related alternative assets.
The restructuring expands senior management across functional areas. David Steinbach, who previously held the Global CIO position, becomes President and will serve as the operating partner to the Co-CEOs, managing day-to-day execution of firmwide strategy. Alfonso Munk succeeds Steinbach as Global Chief Investment Officer, taking responsibility for investment strategy and performance across Hines' real assets platform. Jeff Hines, the family patriarch, transitions from CEO to Chairman. In tandem with the corporate restructuring, Laura will become CEO and Board Chair of Hines Global Income Trust (HGIT), while Adam joins HGIT's Board as a Director. The three family members will collectively control HGIT Advisors LP, the trust's advisor.
The leadership appointments are grounded in demonstrated business performance. Under Laura and Adam's leadership over the past five-plus years, Hines' discretionary business has expanded at approximately 20% compound annual growth rate since 2018. Adam's tenure building and scaling the Private Wealth business resulted in it doubling in size, establishing a strategic pillar within the firm's broader real assets platform. The transition is designed to leverage this momentum and sustain growth across Hines' global operations as the firm continues investing in real estate, infrastructure, and related alternative assets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.