Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Did you feel restricted by that? Search. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. Please try again later. MELPOMENE: Have you ever been forced to rethink your life? And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. And guess who was right? When the money cleared, the partners of Equis went shopping to celebrate. Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. They are part of C-Suite Department and their management level is C-Level. Construction of the Collinsville North Solar Project is expected to commence in 2017. Not the David Russell you were looking for? Our locally based staff boast a strong understanding of rural and regional Australia. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Copyright 2023 Equis Development Pte. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. Yes, Only if Its Forma. David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. MELPOMENE: Do you ever watch popular films that depict the financial industry? DAVID: I do. MELPOMENE: How has it been different at Equis? Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Find out more. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Athletes' ambitions don't end when they leave the field of play. Photo: Domain. People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. So by removing the glass ceiling, we dont lose our senior people as we grow. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. That deal was a second innings for the spin bowler. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. He led Equis development of wind and solar projects in the Philippines. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. They used to work at Macquarie. Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? Credit:Jason South. Alberici vowed she would never front a TV show again after exiting the ABC. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Hartford, Connecticut, United States. David Russell Those who want to work 9 to 5 will be successful in certain types of careers, but what we do here requires a lot of hard work. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. MELPOMENE: They went silent because you left Macquarie? His thesis and work explore the . When I started out of university, my peer group worked really hard and they were more dedicated. Musk Made a Mess at Twitter. But what has changed is the level of desperation applied to the business when its your own. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Kahn is frank in the book, telling a painful story about a former American boyfriend she calls Anton whom she dated after her marriage broke down. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. Its important to humble yourself. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully. And that has always stuck with me. Secondly, hierarchical environments create ceilings and politics. Once I became nobody, a lot of those people actually went silent. Does Joo Chiat Need Another Italian Joint? Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Greater Newcastle Area. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . What: Equis is focused on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure assets. Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment. Head of Acquisitions, Macquarie Korea Infrastructure Fund (KOSPI), Bachelor of Commerce, LL.B, Canterbury University, NZ, Over 28 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Macquarie Senior Managing Director & Head of Infrastructure Advisory for Korea and North Asia, Bachelor of Arts (Hons), Major in Business Economics, UC Santa Barbara, MBA, Sloan School of Business, MIT, Investments, Australia & New Zealand Equis since 2010, Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity, Former Macquarie Senior Managing Director & Head of Greater China & Asian Private Equity, Utilities lawyer, Skadden Arps (Washington DC) & Minter Ellison (Melbourne), Bachelor of Economics (Hons), LL.B (Hons), Monash University, Over 25 years of infrastructure investment experience, with 19 years in Australia, Bachelor of Commerce (Hons), Bachelor of Laws (LLB), Deakin University, Advanced Management Program, Harvard Business School, Over 17 years of Asian private equity and infrastructure investment experience, Former Macquarie Vice President & Head of Acquisitions MENA (Abu Dhabi), MKIF investment team (Korea), Bachelor of Economics, Seoul National University, 1 George Street #23-03 David Russell who has made his fortune as the cofounder of Singapore-based private equity group Equis has been spending time aboard the impressive vessel with his family. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. in Public Practice from Otis College of Art and Design in 2011. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. At work, I am direct with people and I encourage them to be the same with me. Congratulations to the Class of 2020, recording our best ever results. MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: My legal background helped me because it gave me discipline and an eye for detail. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. That grew to be OzHarvest. Were a lot happier not only making money but also making a difference. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. But to get to a certain point you have to think forward and consider all the paths and possibilities. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. In 2011, David established Equis Energy. . If anything we are quite an introverted group, but we knew what we were talking about. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Supply the annual power needs of 63,165 homes. Co-Founder, Managing Director. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. She managed a renewable energy portfolio of over 625MW in Australia, sat on the board of Avertas Waste to Energy as well as managed transport and social infrastructure projects. Vignesh has over 7 years experience in infrastructure investment and development across Asia. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". The strategy of remaining quiet has worked well, but its now time to engage. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. David Russell Investments, Australia & New Zealand Equis since 2010 Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, CEO/Partner/Co-Founder, Equis Funds Group. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. We started to participate because we saw an opportunity to make good money and invest in a growing sector. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. MELPOMENE: Is it important that the work you do creates value for society? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. Chris Wright is Asia editor. Ltd. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. We also bought businesses, made them better and sold them off. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. One George Street, Singapore 049145 Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. DAVID: Its definitely not who you know. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. DAVID: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. We acknowledge that our school is on the Country of the people of the Kulin Nations. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. "I understand now how people can love a person who does awful things. Equis Energy had a clear strategy of developing and constructing renewable energy generation assets in Asian rural areas, and David mandated that each investment support the health, education and infrastructure of the communities in which each asset was located, changing the lives of thousands of vulnerable parents and children. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Privacy Policy. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. All rights reserved. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. Monash University. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. DAVID: Definitely. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. This website uses cookies to improve your experience. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] As for the finance background, well, youve got to know the numbers when it comes to running a business. The partners, most of them ex-Macquarie bankers, had delivered for their investors, who included some of the biggest institutional names in the world: the University of Texas/Texas A&M Investment Company (Utimco), Partners Group, Willis Towers Watson, BlackRock, JPMorgan Pension, numerous Australian superannuation funds, and others representing the Dutch, German and Malaysian state. DAVID: Technology and mindsets are evolving rapidly. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. in Painting/ Art History from the University of Tulsa. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. He has delivered assets in Europe, Middle East and Australia. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. The company was part of reportedly the largest global renewable energy transaction in history in 2018 when its subsidiary, Equis Energy, was sold to Global Infrastructure Partners for US$5 billion. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. By submitting this form, I agree to these terms and conditions. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 2023 High Net Worth All rights reserved. But he also told me theres no law stating that you cant act unreasonably [laughs]. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. "It was like the last supper," one onlooker said. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. Consequat id porta nibh. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. David Russell earned his B.F.A. In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. It could become micro power grid systems where power is generated and distributed locally. 2023 Tatler Asia Limited. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. I think that helps people remain human in this business. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. These governments need to grow and theyre putting in place very stable regulatory regimes. being driven to the Seminary of the Good Shepherd. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. You can only aspire to be like them. Youre right at the table with them as a trusted advisor. Theres a whole bunch of things on there that I really dont want to do [laughs]. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Equis has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station. His work has included regulatory advice, project delivery advice, and transactional advice. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. If theres a physical tussle over the South China Sea, its not going to affect our facilities. DAVID: It was awesome! 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DAVID: They worked hard. A good thing, no doubt. Thats a real problem with succession planning because you might lose the person you really want to keep because theyre frustrated at the lack of opportunities to grow. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. But most importantly, if you want to be successful, youll have to work hard. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. The firm focuses on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure, across Asia Pacific. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. MELPOMENE: Whats one thing off the top of your head? One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully..

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