Paul B. Murphy Jr.
Mr. Murphy, an independent director since April 2008, currently serves as Chief Executive Officer and President of Cadence.
In 2010, Cadence
raised $1.0 billion to invest in the distressed banking industry.
To date, Cadence
has made three acquisitions bringing the combined company to $6.5 billion in assets with more than 100 branches across six states. Cadence
is privately held by major pension plans and institutional investors. Mr.
Murphy joined Cadence in December 2009.
Previously, Mr. Murphy spent 20 years at Amegy Bank of Texas ("Amegy"), departing in December 2009, as the Chief Executive Officer and a Director.
Mr. Murphy is an advocate of the community.
He is a board member of the Houston Endowment, Inc., the largest endowment in Texas with over $1.5 billion in assets.
In addition, he is a board member of Oceaneering International, Inc., the Federal Reserve Bank of Dallas - Houston Branch, Kinkaid School and the Children's Museum of Houston.
is active in both the Young Presidents and the World Presidents Organizations
Prior to joining Amegy, Mr. Murphy spent nine years at Allied Bank of Texas/First Interstate Bank. A 1981 graduate of Mississippi State University with a Bachelor's degree in finance, he earned his MBA from the University of Texas at Austin.
We believe that Mr. Murphy's extensive financial background, including his leadership of Cadence and Amegy, qualifies him to serve on our board of directors.
Our board of directors unanimously recommends a vote FOR each of the nominees.
The four standing committees of our board of directors are: the Audit Committee
, the Conflicts Committee
, the Nominating and Corporate Governance Committee
and the Compensation Committee.
You may obtain copies of the charters for all of our board committees from our website at www.hinessecurities.com/hines-reit/corporate-governance/.
Each committee currently has three members and is composed entirely of our three independent directors.
Mr. Murphy replaced Mr. Hassard as chairman of the Conflicts Committee following his departure from the board of directors in December 2013.
Mr. Murphy also serves as chairman of the Nominating and Corporate Governance Committee.
, Levy, Hassard and Murphy
, all of whom were independent directors.