Key Takeaways
- • Hines announces planned leadership transition effective January 1, 2027: Adam Hines will become Co-CEO alongside Laura Hines-Pierce, who has served as sole CEO for over five years, positioning third-generation family leadership at the firm's helm.
- • David Steinbach named President with expanded operational authority; Alfonso Munk named Global Chief Investment Officer; Jeff Hines transitions to Chairman—establishing a clearer executive hierarchy beneath the Co-CEO structure.
- • Under Laura and Adam's combined leadership since 2018, Hines' discretionary business has grown at approximately 20% compound annual growth rate; Adam's Private Wealth business has doubled in size, demonstrating track record ahead of expanded roles.
- • Laura Hines-Pierce will assume CEO and Board Chair roles at Hines Global Income Trust (HGIT), with Adam joining its Board as Director; the structural changes reflect confidence in next-generation stewardship of the firm's public-facing investment vehicle.
Summary
Hines, the global real assets investment manager, has announced a comprehensive leadership transition designed to institutionalize its next generation of family leadership while maintaining strategic continuity. Effective January 1, 2027, Adam Hines will join Laura Hines-Pierce as Co-Chief Executive Officer, ending her five-year tenure as sole CEO. The announcement reflects planned succession planning at the firm rather than a sudden departure, with Jeff Hines transitioning to Chairman to oversee governance while stepping back from daily executive responsibilities.
The reorganization establishes a three-tier leadership structure beneath the Co-CEO level. David Steinbach will become the firm's first President, assuming direct operational authority and partnering closely with the Co-CEOs on strategy execution. Alfonso Munk will assume the role of Global Chief Investment Officer, holding responsibility for investment strategy and performance across Hines' real assets platform. Both executives will report to Steinbach, alongside the Global Head of Real Estate, CFO, and other functional leaders, creating clearer reporting lines and operational accountability.
The appointments are grounded in demonstrated performance. Since 2018, under Laura and Adam's combined leadership, Hines' discretionary business has achieved approximately 20% compound annual growth. Adam's stewardship of the Private Wealth business has doubled its size, establishing institutional confidence in his capacity for expanded responsibility. At Hines Global Income Trust, Laura will replace Jeff as CEO and Board Chair, while Adam joins the Board as a Director—extending family leadership into the firm's publicly traded investment vehicle.
The transition reflects Hines' strategy to build on momentum within its global real assets platform while formalizing succession planning. The appointments preserve strategic continuity while introducing generational change in daily operations and investment decision-making, positioning the firm for sustained growth across its discretionary and advisory businesses.
The reorganization establishes a three-tier leadership structure beneath the Co-CEO level. David Steinbach will become the firm's first President, assuming direct operational authority and partnering closely with the Co-CEOs on strategy execution. Alfonso Munk will assume the role of Global Chief Investment Officer, holding responsibility for investment strategy and performance across Hines' real assets platform. Both executives will report to Steinbach, alongside the Global Head of Real Estate, CFO, and other functional leaders, creating clearer reporting lines and operational accountability.
The appointments are grounded in demonstrated performance. Since 2018, under Laura and Adam's combined leadership, Hines' discretionary business has achieved approximately 20% compound annual growth. Adam's stewardship of the Private Wealth business has doubled its size, establishing institutional confidence in his capacity for expanded responsibility. At Hines Global Income Trust, Laura will replace Jeff as CEO and Board Chair, while Adam joins the Board as a Director—extending family leadership into the firm's publicly traded investment vehicle.
The transition reflects Hines' strategy to build on momentum within its global real assets platform while formalizing succession planning. The appointments preserve strategic continuity while introducing generational change in daily operations and investment decision-making, positioning the firm for sustained growth across its discretionary and advisory businesses.
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