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Jennifer Xiao

SVP, Global Head of Tax

Digital Realty Trust
San Francisco, California, USA

Digital Realty Trust

Professional Summary

Jennifer Xiao, former Senior Vice President, Global Head of Corporate Tax Planning & Strategies with Digital Realty Trust, a leading global data center REIT, is a seasoned finance/and corporate tax executive with over 25 years of financial services & real estate industry experience. Jennifer is specialized in finance and tax structuring for REITs, joint ventures, real estate funds and has extensive working knowledge and experience in corporate financing, financial budget, forecast & reporting, cash management, legal & regulatory compliance, investor relations, asset management, corporate M&As, underwriting and deal due diligence. Jennifer also possesses in-depth tax structuring knowledge in cross-border transactions. Prior to joining Digital Realty Trust, Jennifer was a Tax Director with AMB, a global industrial REIT that has since merged with Prologis, a leading global industrial REIT. Previously, she was a senior tax associate at PwC, San Francisco focusing on financial services and real estate clients. Jennifer has worked in the real estate/REIT sector since 1998. Jennifer began her finance career as a senior portfolio associate with the Corporate Finance group at Putnam Investment Inc. Contact

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  • English
  • Chinese (Mandarin)

Industry Experience

    • Real Estate Investment Trust (REIT)


  • Tennis
  • Ski
  • Traveling


September 15

Social Media


Digital Realty Trust
San Francisco, California, USA 94111
SVP, Global Head of Tax
Digital Realty Trust
2007 - 2023
*Oversee global tax strategy and planning, including the development and
implementation of tax strategies and transaction structures, work with
functional business areas (investment, legal, finance, operations, and sales)
to successfully implement new strategies.
• Oversee global REIT compliance and maintain regulatory REIT requirement
including the review of REIT compliance test and management of REIT due
diligence in connection with operations, investment, M&As and capital
• Lead global tax team to effectively monitor regulatory tax development,
assess financial impact, manage tax leakage, and audit exposure.
• Responsible for annual tax forecast, quarterly tax reporting, reforecast and
corporate tax compliance for global operations in 28 countries.
• Support global expansion and M&As, including collaboration with external
advisors on deal structure, REIT & tax due diligence and implementation of
operational tax structure that is consistent with global tax strategy.
• Develop, maintain, and manage globally with third party consultants and
tax professionals, including engagement administration and fees.
• Build a highly functional global tax team in US, EMEA and APAC that
contributes the success and exceptional growth of Digital Realty Trust in its
international expansion from a $2bn US company to a $50bn global Data
Center REIT with a portfolio of assets in 28 countries.


University of Southern California
Los AngelesUnited States
* Member of certified Association of College Honor Societies (ACHS)
* Member of National Association of Real Estate Investment Trust
* Member of Real Estate Round Table
* Member of AICPA
* Member of California CPA

Professional Certifications

Chartered Accountant(CA)

Associations and Societies


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