DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". His thesis and work explore the . There are already storage systems that are very profitable, and one of them is pump storage. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Will His AI Plans Be Any Different? 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Alberici starts on Monday. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. They had reason to celebrate. being driven to the Seminary of the Good Shepherd. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. We're sure the builders are observing strict social distancing protocols during stage four lockdown. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. Equis' team brings focus, experience, passion and conviction. Chris Wright is Asia editor. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. By submitting this form, I agree to these terms and conditions. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). CRICOS Provider Code: 00132K. 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. Search. Were a lot happier not only making money but also making a difference. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. MELPOMENE: Did your legal and finance background help you in this field? Hartford, Connecticut, United States. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Another guest wore a blazer bearing an Order of Australia gong on their lapel. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. MELPOMENE: Large corporations are almost inevitably hierarchical. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. These governments need to grow and theyre putting in place very stable regulatory regimes. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. MELPOMENE: Why did you decide to target Asian markets? So by removing the glass ceiling, we dont lose our senior people as we grow. The strategy of remaining quiet has worked well, but its now time to engage. 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. David Russell. Warnie, whose acumen in real estate is starting to rival his spin bowling prowess, had bought the 3000sq m property, which he once dubbed his favourite house, for $14.25m, 18 months before selling it to the Russells. While were driving for business success, we formally make a point to give back to the community. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. 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. Find out more. DAVID: Even though Im the CEO, the decision-making is a collective process. He has delivered assets across the Asia-Pacific. 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. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. This website uses cookies to improve your experience. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Thomas has over 20 years experience working in a range of business development and energy trading roles. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. 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.. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. "It was like the last supper," one onlooker said. As for the finance background, well, youve got to know the numbers when it comes to running a business. 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Consequat id porta nibh. 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 . Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. DAVID: Absolutely. The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. In the Philippines, for example, the government budgets ahead so that they can afford power they need. DAVID: Its definitely not who you know. 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. Apr 2022 - Present11 months. 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. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Ive always worked long hours and that hasnt changed. DAVID: Technology and mindsets are evolving rapidly. 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. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. In India, Equis commissioned four wind projects in Andhra Pradesh, Madhya Pradesh and Gujarat with generation capacity of 206 MW, and a hydro project in Sikkim added another 96 MW of generation capacity. If anything we are quite an introverted group, but we knew what we were talking about. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. His work has included regulatory advice, project delivery advice, and transactional advice. Business isnt as aggressive as its been dramatised to be. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. DAVID K. RUSSELL. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? MELPOMENE: Do you ever watch popular films that depict the financial industry? David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. But there are a number of governments that came up with programmes to encourage investments in renewable energy. But what has changed is the level of desperation applied to the business when its your own. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. They had reason to celebrate. We may no longer need to build big cathedral type power facilities and expensive distribution systems. But most importantly, if you want to be successful, youll have to work hard. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. 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: 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. When I left my previous employer, I didnt realize how risky it actually was. 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. Co-Founder, Managing Director. 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. Did you feel restricted by that? Once I became nobody, a lot of those people actually went silent. David Russell VZIO stock SEC Form 4 insiders trading See reunion dates, update your details and give to BGS. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Called the Lady E, it's available to charter for a cool $767,840 a week. Copyright 2023 Equis Development Pte. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. The other guests in the restaurant said they had to pinch themselves. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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 The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. We felt that we deserved to be paid well because we were certainly working hard. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. All rights reserved. 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 . 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. 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. 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. Employ over 400 people during the construction phase. He covers the Asia Pacific region and is based in Singapore. Senectus et netus et malesuada fames ac turpis egestas sed. He was charming and once flew her to Hong Kong for dinner. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. One George Street, Singapore 049145 Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. MELPOMENE: They went silent because you left Macquarie? 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. David Russell "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. The Projects will involve a capital investment of approximately A$400 million. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. MELPOMENE: Was your background crucial to your success? DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. MELPOMENE: Whats one thing off the top of your head? David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. in Public Practice from Otis College of Art and Design in 2011. Will Others Follow? 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. Apparently Pell was flanked by a number of priests. 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. In 2011, David established Equis Energy. 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. In contrast, if you look at Spain, the government gave concessions to the developers but re-regulated when they realised they couldnt afford to buy power. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. There is no substitute for hard work. 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 is also . 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. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. But to get to a certain point you have to think forward and consider all the paths and possibilities. 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. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. 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. So while I was growing and being mentored, I had that slight frustration. 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. 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. Construction of the Tailem Bend Solar Project is expected to commence in early 2017.