Hazen, joining Hines in 1989, has participated in office andretail property investments in the US and abroad totaling $9billion. He also is a senior vice president of Hines and presidentof its US Core Office Fund, a $5.4-billion fund geared towardcore-quality office assets. Hazen replaces Baughn as CEO.

Baughn, who joined Hines in 1984, is executive vice presidentand CEO of the capital markets group of Hines Interests LP. Thepartnership raises, places and manages equity and debt for Hines'projects. [IMGCAP(2)]During his tenure with Hines, Baughn hascontributed to the development or redevelopment of more than ninemillion sf of office and special-use facilities in the SouthwestUS.

Murphy is CEO of Houston-based Amegy Bank of Texas. He joinedAmegy in 1990 as an executive vice president. Amegy has more than$11 billion in assets, employs close to 1,900 and has more than 85banking centers in the Houston, Dallas and San Antonio metropolitanareas.