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DAVID: They worked hard. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. Musk Made a Mess at Twitter. . DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. But there are a number of governments that came up with programmes to encourage investments in renewable energy. David Russell | Sad Business School US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain Another guest wore a blazer bearing an Order of Australia gong on their lapel. He covers the Asia Pacific region and is based in Singapore. His thesis and work explore the . 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 He led Equis development of wind and solar projects in the Philippines. 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. But her kids thought he was a phoney. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. California Weighs $360,000 in Reparations to Eligible Black Residents. Equis' team brings focus, experience, passion and conviction. 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. The Projects will involve a capital investment of approximately A$400 million. 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 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Find contact details for 700 million professionals. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. They had reason to celebrate. 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. 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. While were driving for business success, we formally make a point to give back to the community. 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. We also bought businesses, made them better and sold them off. DAVID: Theres an element of that. David Russell. Consequat id porta nibh. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. "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. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. DAVID: Even though Im the CEO, the decision-making is a collective process. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. A good thing, no doubt. Those inside the restaurant overheard the dinner was held to mark his release from jail. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. 2023 High Net Worth All rights reserved. MELPOMENE: Large corporations are almost inevitably hierarchical. Equis Group appoints new partner and reveals management restructure David Russell David Russell - Brighton Grammar: Leading Private School | Boys' School MELPOMENE: Why did you decide to target Asian markets? 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. 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. Athletes' ambitions don't end when they leave the field of play. "I understand now how people can love a person who does awful things. Russell received his M.F.A. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. MELPOMENE: Do you ever watch popular films that depict the financial industry? Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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 $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? David Russell Full Name: David Charles Russell Company: Equis Pte. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. David Russell - Oakland, California, United States - LinkedIn Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. Equis becomes owner of USD-1.3 bn battery project in Victoria David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. DAVID: Years ago, we were just moving paper around. Equis Expands into Australia with Two Large Solar Projects But there are a number of governments that came up with programmes to encourage investments in renewable energy. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. 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. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. MELPOMENE: Has ownership changed your motivation towards work? Apparently Pell was flanked by a number of priests. 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.. Its important to humble yourself. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . As for the finance background, well, youve got to know the numbers when it comes to running a business. 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MELPOMENE: Why did you decide to strike out on your own? 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. David Russell is buying the real estate dream | The Australian David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. We felt that we deserved to be paid well because we were certainly working hard. Do you worry about that? 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. Alberici starts on Monday. David Russell - Crunchbase Person Profile But what has changed is the level of desperation applied to the business when its your own. In 2011, David established Equis Energy. Credit:Jason South. Tel: +65 6220 0040, Legal Notice & Terms of Use Vignesh has over 7 years experience in infrastructure investment and development across Asia. MELPOMENE: Was your background crucial to your success? The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Its not just gratuitous giving. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. 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 . 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 currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Several months earlier a consortium led by Global Infrastructure Partners (GIP), with partners including the China Investment Corporation sovereign wealth fund, had agreed to buy the renewable energy asset portfolio of Equis, a Singapore-headquartered independent infrastructure asset manager, for $5 billion. 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. She wasnt joking. 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About Us - Equis Development Pte. Ltd. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Business isnt as aggressive as its been dramatised to be. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Home | David K. Russell DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Alberici vowed she would never front a TV show again after exiting the ABC. Called the Lady E, it's available to charter for a cool $767,840 a week. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project One George Street, Singapore 049145 DAVID: Technology and mindsets are evolving rapidly. You can only aspire to be like them. Our locally based staff boast a strong understanding of rural and regional Australia. MELPOMENE: Is what you know or who you know more important? 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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. 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. Please try again later. Equis Commissions Additional 5 MW of Solar Projects in Taiwan That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. David Russell - Equis Development Pte. Ltd. MELPOMENE: Is it important that the work you do creates value for society? I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . But most importantly, if you want to be successful, youll have to work hard. 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 . Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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. 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. Did you feel restricted by that? David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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 watched a couple and I always cringe [laughs]. Construction of the Collinsville North Solar Project is expected to commence in 2017. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. You connect it to the building, charge it up, and take it home to generate electricity for your house. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast.