"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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. in Public Practice from Otis College of Art and Design in 2011. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Credit:Jason South. DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. Alberici vowed she would never front a TV show again after exiting the ABC. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Interest is certainly high. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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: We have that in our business model by having compensation tied to the performance of the business through carried interest. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. In Asia, power has always been the number one sector to invest in, not renewable energy. David Russell earned his B.F.A. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? They used to work at Macquarie. MELPOMENE: Whats one thing off the top of your head? These days, Equis Development is setting its sights on consolidating its position in Asias renewable energy and biomass power generation markets, having developed more than 200 renewable energy and waste infrastructure projects across the region. DAVID: Theres an element of that. See our. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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 Were working to restore it. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? DAVID K. RUSSELL. Do you worry about that? 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. 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? Singapore, 27 March, 2017 In 2015, Equis, Asias largest independent renewable energy investor, commissioned nine (9) solar, wind and hydro projects in India, Japan and the Philippines, with a total generation capacity of 407.4 MW. Yes, Only if Its Forma. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. Not the David Russell you were looking for? MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. In addition, Equis has completed a further 33 utility scale renewable energy projects in Asia over the last 3 years or on average 1 project every 5 weeks. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. MELPOMENE: How has it been different at Equis? It works better for senior management, while the junior staff is more interested in salary and annual bonuses rather than something that could be paid out 5 or 10 years later. In the Philippines, for example, the government budgets ahead so that they can afford power they need. We may no longer need to build big cathedral type power facilities and expensive distribution systems. The strategy of remaining quiet has worked well, but its now time to engage. You connect it to the building, charge it up, and take it home to generate electricity for your house. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. DAVID: Its definitely not who you know. 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]. Copyright 2023 Brighton Grammar School. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. Ive always worked long hours and that hasnt changed. But most importantly, if you want to be successful, youll have to work hard. Senectus et netus et malesuada fames ac turpis egestas sed. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . See reunion dates, update your details and give to BGS. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. DAVID: They worked hard. They had reason to celebrate. While were driving for business success, we formally make a point to give back to the community. David Russell Full Name: David Charles Russell Company: Equis Pte. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. 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. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. All rights reserved. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Another guest wore a blazer bearing an Order of Australia gong on their lapel. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. 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. Apr 2022 - Present11 months. David Russell. That deal was a second innings for the spin bowler. 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. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. DAVID: Its all relative. 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. 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. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Co-Founder, Managing Director. Called the Lady E, it's available to charter for a cool $767,840 a week. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Please try again later. David is also . We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. 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. DAVID: Definitely. Thomas has over 20 years experience working in a range of business development and energy trading roles. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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.. 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. Marshs spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family. 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. Construction of the Collinsville North Solar Project is expected to commence in 2017. Ltd. Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. Find contact details for 700 million professionals. She wasnt joking. MELPOMENE: They went silent because you left Macquarie? Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. Theres a whole bunch of things on there that I really dont want to do [laughs]. Our purpose is to help current and future generations of Australians and we wont stop until we doso. David Russell VZIO stock SEC Form 4 insiders trading Its not just gratuitous giving. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. His work has included regulatory advice, project delivery advice, and transactional advice. Will Others Follow? In 1998, David joined Macquarie Group, where he spent 12 years. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Find out more. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. MELPOMENE: Do you think that giving people ownership is the way to motivate them? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. If anything we are quite an introverted group, but we knew what we were talking about. 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 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. They are part of C-Suite Department and their management level is C-Level. 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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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Were sorry, this feature is currently unavailable. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. DAVID: Even though Im the CEO, the decision-making is a collective process. CRICOS Provider Code: 00132K. 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. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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. As Asias largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the worlds fastestgrowing renewable energy market., Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. 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. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Where does the fallout from the Adani crisis take India now? MELPOMENE: Was your background crucial to your success? 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. Copyright 2023 Equis Development Pte. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. But there are a number of governments that came up with programmes to encourage investments in renewable energy. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. "It was like the last supper," one onlooker said. 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. 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Ltd. 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. But what were we adding back to society? 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. That grew to be OzHarvest. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. 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. 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. All rights reserved. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. Search. DAVID: Years ago, we were just moving paper around. Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. Shane Warne sold the Brighton mansion for about $20m in 2018. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. DAVID: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. We also bought businesses, made them better and sold them off. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Chris Wright is Asia editor. There are already storage systems that are very profitable, and one of them is pump storage. Youre right at the table with them as a trusted advisor. He led Equis development of wind and solar projects in the Philippines. His thesis and work explore the . As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. DAVID: My legal background helped me because it gave me discipline and an eye for detail. But to get to a certain point you have to think forward and consider all the paths and possibilities. being driven to the Seminary of the Good Shepherd. He was charming and once flew her to Hong Kong for dinner. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. China Equities: Yesterdays Story or More Compelling Than Ever? David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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