Hines has appointed Paul Ferraro as head of its global private wealth solutions strategy. In his new role, Ferraro will contribute to product strategy, drive global distribution, and build relationships within the private wealth management sector.

Formerly the global head of private wealth at Carlyle, Ferraro grew the firm’s private wealth capital to over $50 billion, accounting for approximately 13% of the firm’s AUM. He was also instrumental in expanding the company’s distribution network throughout the Americas, Europe, and Asia.

“We believe that as allocations to the private wealth space are expected to enter the trillions and investors achieve easier access to these products, Hines is well positioned due to our brand and track record,” said Hines Global CIO David Steinbach. “Paul’s exceptional success in leading global private wealth platforms and raising significant capital from this space will propel Hines’ expansion of investment solutions and partnerships.”