Hines has announced the appointment of Paul Ferraro as the new head of its global private wealth solutions strategy. In this role, Ferraro will be responsible for developing product strategies, driving global distribution efforts, and fostering relationships within the private wealth management sector.
Previously serving as the global head of private wealth at Carlyle, Ferraro successfully grew their private wealth capital to over $50 billion. This accounted for approximately 13% of the firm’s total assets under management (AUM). He also played a key role in expanding Carlyle’s distribution network across North America, Europe and Asia.
According to Hines Global Chief Investment Officer David Steinbach, they believe that with an expected increase in allocations to the private wealth space reaching trillions and investors gaining easier access to these products; Hines is well-positioned due to its strong brand reputation and track record. With his exceptional success in leading global private wealth platforms and raising significant capital from this sector, Paul’s expertise will drive Hines’ growth in investment solutions and partnerships.
The article “Hines Appoints Former Head of Carlyle Private Wealth” was originally published on Connect Commercial Real Estate.
