Adam Hines named Co‑CEO for Hines

Hines has that effective 1 January 2027, Adam Hines will join Laura Hines‑Pierce as co‑chief executive officer, a role Laura has held for more than five years. 

Laura Hines‑Pierce and Adam Hines

Further announcements include David Steinbach who will become the firm’s first President, Alfonso Munk will become global chief investment officer, and Jeff Hines will assume the role of Chairman. Laura will also replace Jeff as CEO and chair of the board of Hines global income trust (HGIT), with Adam joining its Board as a Director.

As Co‑CEOs, Laura and Adam will jointly lead the firm, set strategic direction and priorities, and make major firmwide decisions. Their partnership builds on the strategy and global real assets platform they have shaped over the past several years. David Steinbach will work closely with them to execute strategy across the business, while Alfonso Munk, as Global CIO, will oversee investment strategy and performance across Hines’ real assets platform. The Global CIO, Global Head of Real Estate, CFO and functional leaders will report to Steinbach.

As Chairman, Jeff Hines will step back from day‑to‑day management and focus on advising the Co‑CEOs. The firm will also establish an independent external advisory board to provide outside perspectives, though it will have no governance authority and the investment committee’s authority will remain unchanged.

Jeff Hines said the transition reflects the firm’s long‑term approach to leadership and growth. “Hines has always been at its best when we look beyond the current cycle and build for what comes next. 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. This is the right moment for me to step back from day‑to‑day management and for Laura and Adam to lead Hines forward.”

Laura Hines‑Pierce and Adam Hines said the firm is entering a period of significant opportunity. They noted that capital, infrastructure and human activity are converging in new ways across the built world, expanding the opportunity set beyond traditional real estate. Their ambition is to apply nearly 70 years of operating experience and investment discipline to that broader landscape while connecting those strengths across a single global platform.

David Steinbach added that scale only creates advantage when it improves execution. He emphasised the importance of connecting insight across markets, strategies and functions so that local knowledge becomes shared intelligence and firmwide capabilities create more opportunity on the ground.

Founded in 1957, Hines today manages approximately $91 billion (€81bn) of assets across residential, logistics, office, data centres and infrastructure, supported by 4,600 employees in 29 countries.