RESIDCO Announces Appointment of Glenn P. Davis as Chief Executive Officer

RESIDCO recently announced that Glenn P. Davis has been named chief executive officer of the RESIDCO group of companies. Davis succeeds Vincent Kolber who remains as chairman.

Davis joins RESIDCO from The Northern Trust Company where he was president of the bank’s leasing subsidiary, NorLease, Inc. In his new role, Davis will lead all aspects of corporate operations for RESIDCO, including transaction origination, documentation, funding, contract administration, asset management and residual realization. Davis has a long and varied equipment leasing and structured finance background, with more than 35 years of industry experience. Importantly he has a successful track record in both the rail and aero equipment spaces which aligns his skill set with RESIDCO’s roots in those transportation asset classes. 

Davis has served as a director of the Equipment Lease and Finance Association and as chairperson for the ELFA Large Ticket/Financial Institutions Steering Committee. He is a graduate of Cornell University and the Kellogg School of Management at Northwestern University. 

"RESIDCO is confident that Glenn is the right leader at the right time," said Vincent Kolber, owner and founder of the RESIDCO group of companies. "Our industry search quickly focused on Glenn, whose leadership and business insight at the Northern Trust impressed us. We’re excited to have Glenn on board."

Davis joined RESIDCO on 2 October 2014 and will lead the RESIDCO group of companies from its global headquarters in Chicago, Illinois. 

"I am honored to have been appointed to lead RESIDCO, a company with a unique combination of disciplines and skills," said Davis. "RESIDCO is a strong, global company, with diverse experience in remarketing, equity and debt placement, leasing, and most importantly expertise in transportation equipment and market values. I am confident that RESIDCO will continue to deliver and strengthen its position as a leading asset risk manager for its clients" said Davis.

 

RESIDCO is a leading transportation equipment investment management company. The firm provides portfolio marketing, lease structuring, acquisition and remarketing services to lessors, and leasing services to users of aircraft and railroad equipment. Since its founding in 1982, the company has specialized in the sale, lease and finance of such transportation equipment, both in the capacity of an advisor and principal. RESIDCO is a member of the Equipment Leasing and Financing Association ("ELFA"), the International Society of Transport Aircraft Trading ("ISTAT") and the American Association of Railroads ("AAR").  RESIDCO’s size and wholesale capability is its competitive advantage. The company has earned the respect of large financial institutions and major transportation equipment lessees and acts effectively both as an intermediary and principal. For more information, visit www.RESIDCO.com.