Hines Announces Strengthened Investment Management Leadership Team

(HOUSTON) - Hines, the global real estate investment manager, today announced updates to its investing leadership structure in preparation for its next phase of growth. The firm has formed a globally-focused investment management leadership team to enhance coordination across investment strategies and regions, aiming to achieve higher returns, strengthen fiduciary responsibilities, and deliver exceptional value to tenants and stakeholders:

• Global Chief Investment Officer (CIO)David Steinbach will be elevated to oversee a new strategy function. In this expanded role, he will launch new growth platforms and drive innovation within the organization, in addition to his current investment and strategy responsibilities.

• Global Head of Capital Markets Group Christopher D. Hughes will now work with David Steinbach to shape the firm's growth strategy. In addition, Chris will now oversee the capitalization of the firm and its investors, including institutional and private wealth funds, joint ventures, and direct deals.

• Chief Investment Officer, Americas Alfonso Munk and Chief Investment Officer, Asia Chiang Ling Ng have been elevated to co-lead Investment Management. Mr. Munk and Ms. Ng will continue to report into Mr. Steinbach.

These changes, which will be effective starting January 1, 2025, reinforce Hines' commitment to elevating its deep bench of talent across the Company.

"Over the past almost 70 years, Hines has evolved from primarily being known as a developer of individual proprieties to becoming a leading global real estate investment manager," said Laura Hines-Pierce, co-CEO of Hines. "With today's changes and our previously announced promotions for our Real Estate team, we can now effectively leverage our strengths, optimize our resources, seek to maximize returns for our investors, and deliver outstanding value to our tenants and stakeholders. I congratulate David, Chris, Alfonso and Chiang Ling - leaders who epitomize the Hines Standard - on their new and expanded roles. We now have the team in place to seamlessly execute our business strategy across Hines."

Hines' investment committee structures and governance will readjust to reflect these shifts, with Jeff Hines continuing to serve as Chairman and Co-CEO, Laura Hines-Pierce as Co-CEO and Adam Hines as Chief of Staff.

David L. Steinbach

David Steinbach joined Hines in 1999 and is responsible for directing the company's global investment strategy. He shapes the strategic direction and long-term vision of the organization and allocation of capital.

Since joining Hines in 1999, Mr. Steinbach has been involved in billions of dollars of acquisitions and asset management globally, successfully navigated through several real estate cycles, and championed numerous innovation and sustainability initiatives within the firm. Over his tenure, Hines has grown from $10B to over $93.2B AUM (as of December 31, 2023).

Mr. Steinbach divides his time between the company's Houston headquarters and London office and received a bachelor's and master's degree from Texas A&M University.

Christopher D. Hughes

Christopher Hughes began his career at Hines in 1986, ultimately rising to the role of Development and Acquisition Officer in Washington, D.C. In 2004, he was appointed head of the firm's Capital Markets business, where he was instrumental in expanding Hines' institutional capital platform into a global organization. In 2007, Mr. Hughes returned to the regional operating business, where he was promoted to CEO of the East Region. In 2017, he was named Co-Head of Investment Management and continued as the CEO of Capital Markets, playing a key role in globalizing Hines' investment management and capital markets business. Mr. Hughes has been a member of Hines' Governing Executive Committee since 2007 and has served on the Global Investment Committee since its inception.

He earned a Bachelor of Arts in History from Southern Methodist University.

Alfonso Munk

Alfonso Munk joined Hines in 2019 and is responsible for developing investment and fund strategies that align with Hines' global investment approach. He provides a significant track record of achievement for investors with more than 20 years of diverse experience in real estate investing activities throughout the U.S., Europe, and Latin America.

Prior to joining Hines, Mr. Munk held leadership roles at PGIM Real Estate in the Americas and Morgan Stanley's real estate investing group in Europe and Latin America. He holds a Bachelor of Science in Business and Hospitality Administration from Cornell University and a Master of Business Administration from the Wharton School of the University of Pennsylvania with a concentration in finance and real estate. Mr. Munk divides his time between the firm's Houston headquarters and Miami and is fluent in Spanish, French, Portuguese, and English.

Chiang Ling Ng

Chiang Ling Ng joined Hines in 2021 and is responsible for developing investment and fund strategies that align with Hines' global investment approach. Leveraging more than 25 years of investment expertise, Ms. Ng built a comprehensive, diversified strategy for Hines' first pan-Asia core-plus fund and plays a key role in developing Hines' discretionary fund business.

Prior to joining Hines, Ms. Ng held leadership roles at M&G Real Estate Asia and the real estate private equity division of Goldman Sachs. She earned a Bachelor of Science in electrical engineering from Princeton University and is fluent in English, Mandarin, and Japanese.

About Hines

Hines is a leading global real estate investment manager. We own and operate $93.0 billion of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 31 countries draw on our 67-year history to build the world forward by investing in, developing, and managing some of the world's best real estate. To learn more, visit www.hines.com and follow @Hines on social media.

¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2024.

Public link

Please use the above public link if you want to share this noodl on another website.