Copyright 2023 Brighton Grammar School. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. MELPOMENE: Is what you know or who you know more important? 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. "It was like the last supper," one onlooker said. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. DAVID: Theres an element of that. Equis becomes owner of USD-1.3 bn battery project in Victoria Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. DAVID: Technology and mindsets are evolving rapidly. Once I became nobody, a lot of those people actually went silent. In 1998, David joined Macquarie Group, where he spent 12 years. 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. MELPOMENE: Whats one thing off the top of your head? Those inside the restaurant overheard the dinner was held to mark his release from jail. MELPOMENE: Was your background crucial to your success? Equis Commissions Additional 5 MW of Solar Projects in Taiwan He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. He led Equis development of wind and solar projects in the Philippines. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. Kahn thought Anton was like Cary Grant. 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. David Russell, Equis Funds Group: Profile and Biography This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. "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 newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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. David Eugene Russell Net Worth (2023) | wallmine CBD hears that her ABC redundancy payout was in the vicinity of $300,000. China Equities: Yesterdays Story or More Compelling Than Ever? 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. Ltd. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT David Russell | Sad Business School Interest is certainly high. 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. in Public Practice from Otis College of Art and Design in 2011. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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. So by removing the glass ceiling, we dont lose our senior people as we grow. Another guest wore a blazer bearing an Order of Australia gong on their lapel. Home | David K. Russell MELPOMENE: They went silent because you left Macquarie? 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. 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. 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: They worked hard. Tel: +65 6220 0040, Legal Notice & Terms of Use He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Credit:Jason South. The strategy of remaining quiet has worked well, but its now time to engage. MELPOMENE: Why did you decide to strike out on your own? California Weighs $360,000 in Reparations to Eligible Black Residents. Athletes' ambitions don't end when they leave the field of play. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. As for the finance background, well, youve got to know the numbers when it comes to running a business. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Musk Made a Mess at Twitter. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. That deal was a second innings for the spin bowler. People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. In the battery sector, the prices are falling but their performance is improving. We also bought businesses, made them better and sold them off. 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. Do you worry about that? 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Private equity: The inside story of Equis and its partners' $800 So while I was growing and being mentored, I had that slight frustration. MELPOMENE: Do you ever watch popular films that depict the financial industry? Equis' team brings focus, experience, passion and conviction. Will Others Follow? You connect it to the building, charge it up, and take it home to generate electricity for your house. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Business isnt as aggressive as its been dramatised to be. But her kids thought he was a phoney. Apr 2022 - Present11 months. 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. He led Equis development of wind and hydro projects in India. They had reason to celebrate. We definitely know a lot of people, but this business was not built on that. Will His AI Plans Be Any Different? Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. David is also . Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. They used to work at Macquarie. At work, I am direct with people and I encourage them to be the same with me. 2023 Tatler Asia Limited. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: Ive watched a couple and I always cringe [laughs]. 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. 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. 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: Even though Im the CEO, the decision-making is a collective process. He was far, far from perfect. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Everything comes back to the numbers. Photo: Domain. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. When I left my previous employer, I didnt realize how risky it actually was. Alberici vowed she would never front a TV show again after exiting the ABC. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. David Russell - Director, Technology Practices and Standards - LinkedIn MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Over there, our local guys are empowered to identify and drive growth from bottom up. Its a matter of how theyll be utilised. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Co-Founder, Managing Director. 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. He covers the Asia Pacific region and is based in Singapore. 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 . 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 These people deserve to be caught and punished, but they are certainly not the norm in the industry. MELPOMENE: Skadden has a terrific reputation, how was it like working there? Equis Group appoints new partner and reveals management restructure Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. Equis Commissioned over 400MW of Renewable Energy Projects DAVID: I do. 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. MELPOMENE: How has it been different at Equis? 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%. . Ltd. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. We're sure the builders are observing strict social distancing protocols during stage four lockdown. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. Its interesting how that has come full circle. Hartford, Connecticut, United States. 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. 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: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. People start thinking that these are the bad guys, but based on my experience, its not the case. Alberici's new gig is chief strategy government relations and communications officer. David Russell Archives - Saving with Solar Monash University. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? David Charles Russell - Equis Pte. Ltd. - privatefunddata.com Were working to restore it. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. 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. 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. DAVID: It was awesome! People say that Asia is developing, but their frameworks are far more developed than those in Europe. There are already storage systems that are very profitable, and one of them is pump storage. David Russell - Head of Private Equity Asia and Greater China MELPOMENE: Large corporations are almost inevitably hierarchical. Called the Lady E, it's available to charter for a cool $767,840 a week. Employ over 400 people during the construction phase. 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 . We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Russell received his M.F.A. 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Youre right at the table with them as a trusted advisor. I think that helps people remain human in this business. 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. While were driving for business success, we formally make a point to give back to the community. DAVID: Its definitely not who you know. Its important to humble yourself. MELPOMENE: Why did you decide to target Asian markets? MELPOMENE: Do you think that giving people ownership is the way to motivate them? David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. Apparently Pell was flanked by a number of priests. 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. 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 MELPOMENE: Is it important that the work you do creates value for society? 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. 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. "I understand now how people can love a person who does awful things. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. He has delivered assets across the Asia-Pacific. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Equis Expands into Australia with Two Large Solar Projects David Russell VZIO stock SEC Form 4 insiders trading You can only aspire to be like them. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. Vignesh has over 7 years experience in infrastructure investment and development across Asia. David Russell, Equis Funds Group CEO, said, "This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Privacy Policy. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). His thesis and work explore the . 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. David Russell - Brighton Grammar: Leading Private School | Boys' School 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: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. David Russell - Equis MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. 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 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. 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. Chris Wright is Asia editor. 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. DAVID: Definitely. Were sorry, this feature is currently unavailable. 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. 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