"Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. A good thing, no doubt. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Secondly, hierarchical environments create ceilings and politics. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Yes, Only if Its Forma. DAVID: Skydiving! 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. In 1998, David joined Macquarie Group, where he spent 12 years. See our. 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. 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. Find contact details for 700 million professionals. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. His thesis and work explore the . Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. Ive always worked long hours and that hasnt changed. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. 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. being driven to the Seminary of the Good Shepherd. When I started out of university, my peer group worked really hard and they were more dedicated. MELPOMENE: Is it important that the work you do creates value for society? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. But there are a number of governments that came up with programmes to encourage investments in renewable energy. David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. "It was like the last supper," one onlooker said. The Projects will involve a capital investment of approximately A$400 million. He has also written two books. 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. 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. Equis' team brings focus, experience, passion and conviction. Co-Founder, Managing Director. 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. They had reason to celebrate. David Russell Full Name: David Charles Russell Company: Equis Pte. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. Everything comes back to the numbers. Its important to humble yourself. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. But what has changed is the level of desperation applied to the business when its your own. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. MELPOMENE: They went silent because you left Macquarie? Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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 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. Musk Made a Mess at Twitter. Will Others Follow? Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Others Named David Russell. 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For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. . DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. Please try again later. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. MELPOMENE: Did your legal and finance background help you in this field? MELPOMENE: Why did you decide to target Asian markets? DAVID: Years ago, we were just moving paper around. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Were working to restore it. DAVID: They worked hard. 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. When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. Apr 2022 - Present11 months. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. 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. By submitting this form, I agree to these terms and conditions. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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? DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. David is also the founder and Chairman of the CSS Foundation, which is focused on supporting vulnerable parents and children in Australia, Russia, and the Philippines. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. People start thinking that these are the bad guys, but based on my experience, its not the case. If theres a physical tussle over the South China Sea, its not going to affect our facilities. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. As for the finance background, well, youve got to know the numbers when it comes to running a business. We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. People say that Asia is developing, but their frameworks are far more developed than those in Europe. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. DAVID: I do. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. Greater Newcastle Area. So while I was growing and being mentored, I had that slight frustration. The combined power and large-scale generation certificates price of the Tailem Bend Solar Project is approximately 40% less than prevailing South Australian market prices, delivering significant savings to South Australian consumers. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Construction of the Collinsville North Solar Project is expected to commence in 2017. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. 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]. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. "I understand now how people can love a person who does awful things. 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. 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. But what were we adding back to society? That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Alberici's new gig is chief strategy government relations and communications officer. MELPOMENE: How has it been different at Equis? The strategy of remaining quiet has worked well, but its now time to engage. Some $1.3 billion of that was assumed liabilities, but still, it was a landmark: $3.7 billion of equity, the vast majority of it in unrestricted cash. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. All rights reserved. Chris Wright is Asia editor. 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. DAVID: Thats the million-dollar question. Shane Warne sold the Brighton mansion for about $20m in 2018. 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.. Consequat id porta nibh. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. We have the saying: You eat what you kill. Privacy Policy. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. It could become micro power grid systems where power is generated and distributed locally. Alberici vowed she would never front a TV show again after exiting the ABC. Empower. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Did you feel restricted by that? 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. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Russell received his M.F.A. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. DAVID: Its definitely not who you know. in Painting/ Art History from the University of Tulsa. 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? In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. David Russell VZIO stock SEC Form 4 insiders trading Its a matter of how theyll be utilised. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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: 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. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. MELPOMENE: Do you think that giving people ownership is the way to motivate them? David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Copyright 2023 Brighton Grammar School. Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. Called the Lady E, it's available to charter for a cool $767,840 a week. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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 . David Russell, Equis Group CEO, commented, "As Asia's largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for . DAVID: It was awesome! Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. The firm focuses on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure, across Asia Pacific. Where does the fallout from the Adani crisis take India now? DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). She wasnt joking. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: The project developers dont have the discretion to make decisions locally? CBD hears that her ABC redundancy payout was in the vicinity of $300,000. He has delivered assets in Europe, Middle East and Australia. DAVID: Technology and mindsets are evolving rapidly. Supply the annual power needs of 63,165 homes. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. 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. But most importantly, if you want to be successful, youll have to work hard. Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. While were driving for business success, we formally make a point to give back to the community. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. Over there, our local guys are empowered to identify and drive growth from bottom up. Credit:Jason South. Youre right at the table with them as a trusted advisor.
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