Residual Based Finance Corp. (RESIDCO) has appointed David Kolber as Chief Commercial Officer, a newly created role reflecting the continued expansion of the firm’s commercial platform and the increasing scale of its rail and aviation businesses.

“As RESIDCO has grown, so has the complexity and scale of our commercial activity across our rail and aviation verticals,” said Michael Yovkovich, President of RESIDCO. “Establishing the Chief Commercial Officer role and elevating David into it ensures we have the leadership capacity to support that growth. David has consistently demonstrated the creativity, execution, and results this role demands, and we are fortunate to have him step into it.”

In his new role, Kolber will oversee the firm’s commercial strategy, origination activities, and key counterparty and banking relationships. He will join RESIDCO’s executive leadership team alongside Glenn Davis, Chief Executive Officer, and Yovkovich, helping guide the firm’s continued growth and strategic direction.

Over his decade at RESIDCO, Kolber has been responsible for originating and structuring a number of the firm’s highest-return transactions across the aviation portfolio. He has led the build-out of RESIDCO’s aviation teardown investment activities and the firm’s entry into general aviation leasing, both of which have become meaningful contributors to RESIDCO’s results. His appointment reflects RESIDCO’s continued investment in scaling its commercial capabilities across both its rail and aviation platforms.

“I am grateful to Glenn, Michael and the entire RESIDCO team for the opportunity to take on this role,” said Kolber. “What sets RESIDCO apart is its people, the depth of experience, shared commitment, and unmatched execution across the platform. That team is our greatest competitive advantage, and I look forward to working alongside Glenn and Michael to support our team and continue our tradition of Honest and Equitable Dealing.