Key Takeaways
- • Hines announces comprehensive leadership transition effective January 1, 2027, elevating Adam Hines to Co-CEO alongside his sister Laura Hines-Pierce, who has led the firm as sole CEO for over five years.
- • David Steinbach becomes President and will lead strategy execution; Alfonso Munk assumes role of Global Chief Investment Officer; Jeff Hines transitions to Chairman, formalizing a multi-generational management structure.
- • The discretionary business has achieved approximately 20% compound annual growth rate 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), while Adam joins its Board; the Hines family maintains control through HGIT Advisors LP.
- • The restructuring represents a planned transition designed to capitalize on momentum in Hines' global real assets platform while maintaining family stewardship of the Houston-based investment manager.
Summary
Hines, the global real assets investment manager headquartered in Houston, has announced a planned leadership transition effective January 1, 2027, that formalizes the next generation of family-led management while maintaining strategic continuity. Adam Hines will join his sister Laura Hines-Pierce as Co-Chief Executive Officer, elevating him from his current role overseeing the firm's Private Wealth business. Laura, who has served as sole CEO for over five years, will continue to drive the organization's strategy alongside her brother in the co-CEO structure.
The restructuring expands senior management across functional areas to support the firm's growth trajectory. David Steinbach will become President and lead strategy execution, while Alfonso Munk assumes the position of Global Chief Investment Officer. Jeff Hines transitions to Chairman, creating clear delineation between executive leadership and board governance. This multi-layered approach distributes operational responsibility across key management functions while maintaining family leadership at the organization's helm.
The performance metrics underscore the effectiveness of current leadership's tenure. The discretionary business has achieved approximately 20% compound annual growth rate since 2018 under Laura and Adam's joint oversight, while the Private Wealth business has doubled in size specifically under Adam's direction. These growth figures demonstrate the business momentum the firm seeks to build upon through the formalized transition.
In parallel with the management restructuring, Laura Hines-Pierce will assume the roles of CEO and Board Chair at Hines Global Income Trust (HGIT), while Adam will join its Board. The Hines family will maintain control over the investment platform through HGIT Advisors LP, ensuring family stewardship continues across the organization's major institutional vehicles. The coordinated transition preserves the firm's founding family governance while positioning third-generation leaders to execute growth strategy in global real assets.
The restructuring expands senior management across functional areas to support the firm's growth trajectory. David Steinbach will become President and lead strategy execution, while Alfonso Munk assumes the position of Global Chief Investment Officer. Jeff Hines transitions to Chairman, creating clear delineation between executive leadership and board governance. This multi-layered approach distributes operational responsibility across key management functions while maintaining family leadership at the organization's helm.
The performance metrics underscore the effectiveness of current leadership's tenure. The discretionary business has achieved approximately 20% compound annual growth rate since 2018 under Laura and Adam's joint oversight, while the Private Wealth business has doubled in size specifically under Adam's direction. These growth figures demonstrate the business momentum the firm seeks to build upon through the formalized transition.
In parallel with the management restructuring, Laura Hines-Pierce will assume the roles of CEO and Board Chair at Hines Global Income Trust (HGIT), while Adam will join its Board. The Hines family will maintain control over the investment platform through HGIT Advisors LP, ensuring family stewardship continues across the organization's major institutional vehicles. The coordinated transition preserves the firm's founding family governance while positioning third-generation leaders to execute growth strategy in global real assets.
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