In addition to his responsibilities with the team, the new hire will serve as senior vice president for Keystone Group and as strategic adviser to owner Ersal Ozdemir.
The governor recently removed three alumni-elected board members in favor of his own appointees after lawmakers gave him the new powers earlier this year.
Xiao built Hageman Capital from a “back-of-the-napkin” concept to a market leader in financing tax-increment-financing incentives for real estate developers that has developed more than $1 billion worth of real estate.
