Hines Promotes Adam Hines to Co-CEO Alongside Laura Hines-Pierce

Laura Hines-Pierce is still co-CEO of the family firm, but with a new counterpart in Adam Hines.

Hines-Pierce ascended to the role of co-CEO of investment and development firm Hines in February 2022 alongside her father, Jeffrey Hines. But as the elder Hines moves into the role of the firm’s chairman, another family member is moving up.

Effective Jan. 1, Adam Hines and Hines-Pierce will lead the day-to-day operations of the company and strategic trajectory in the years to come, according to Hines. In addition, Hines-Pierce will replace Jeffrey Hines as CEO and chair of the board of Hines Global Income Trust, while Adam Hines will join its board as a director.

“Hines has always been at its best when we look beyond the current cycle and build for what comes next,” Jeffrey Hines said in a statement. “Laura has already been leading Hines as co-CEO for five years, and Adam has helped shape important parts of our growth across Europe, private wealth and capital formation. Their leadership is already visible in the firm and platform we have built.”

Also switching up their roles at Hines are David Steinbach, who was promoted to become the firm’s first president, and Alfonso Munk, who was promoted from co-head of investment management and will replace Steinbach as Hines’ global chief investment officer.

“Scale creates advantage only when it improves execution,” Steinbach said in a statement. “Our opportunity is to connect what our teams know across markets, strategies and functions so local insight becomes shared intelligence and firmwide capabilities create more opportunity on the ground.”

Adam Hines was recognized for doubling Hines’ private wealth business during his time as chief of staff for the office of the CEO and senior managing director of the company. He joined Hines in 2017 after holding several analyst positions at Australian real assets management firm Dexus.

Mark Hallum can be reached at mhallum@commercialobserver.com.