Hines Grabs Carlyle Exec Hao Zhan for Wealth Arm

Hines appears to be getting its Asia Pacific operations back on track with its latest hires.

The Houston, Texas-based real estate investment manager announced today it made two senior hires from investment firms Carlyle and Brookfield to enhance its private wealth solutions and institutional capital raising in the Asia Pacific and Americas markets, Reuters reported.

Hao Zhan, formerly the head of Asia for Carlyle Global Wealth, joins the company as head of Asia, private wealth solutions, and is based in Hong Kong. Meanwhile, Juan Jimenez, former managing director at Brookfield’s Global Client Group, is charged with heading institutional investor solutions for the Americas and is based in New York City.

“Hao brings a rare combination of regional insight and relationship-driven leadership,” Paul Ferraro, Global Head of Private Wealth Solutions at Hines, said in a statement. “His experience working closely with Asian banks, wealth managers, and family offices will be key as we scale our private wealth offering globally and aim to deliver compelling investment solutions to individual investors across the region.”

The company noted that the promotion of Hidemi Shiraishi to Head of Institutional Investor Solutions – Asia Pacific will also “reinforce Hines’ strategy to build a fully integrated capital platform.”

Zhan’s hiring comes after a quick turnover in the role earlier this year.

Joseph Tien, former head of Asia at TPG Angelo Gordon, joined Hines in February to lead its Asia-Pacific institutional capital raising business, PERE reported. He left the role three months later. Zhan now steps into the position to help run the Houston-based firm’s operations in Hong Kong.

Hines’ private wealth platform has been a key part of the company’s strategic developments globally as it strengthens its capital raising and private wealth capabilities, according to PERE.

The private wealth platform, launched officially last April, aims to build upon relationships with individual investors, expand distribution channels in regions like Europe and Asia, and offer customized products and services for customers across different risk profiles.

Hines boasts $90.1 billion in assets today and has offices in more than 20 countries.

— Chris Malone Méndez