MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 But most importantly, if you want to be successful, youll have to work hard. Photo: Domain. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. Please try again later. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. David Russell, Equis Group CEO, commented, "As Asia's largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for . Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. DAVID K. RUSSELL. Called the Lady E, it's available to charter for a cool $767,840 a week. We felt that we deserved to be paid well because we were certainly working hard. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. Musk Made a Mess at Twitter. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Our purpose is to help current and future generations of Australians and we wont stop until we doso. Not the David Russell you were looking for? Ive always worked long hours and that hasnt changed. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. MELPOMENE: Whats one thing off the top of your head? As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. He led Equis development of wind and solar projects in the Philippines. By submitting this form, I agree to these terms and conditions. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. being driven to the Seminary of the Good Shepherd. Our locally based staff boast a strong understanding of rural and regional Australia. These governments need to grow and theyre putting in place very stable regulatory regimes. 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? He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. But what has changed is the level of desperation applied to the business when its your own. We are committed and responsive to the communities we serve. Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. 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. Business isnt as aggressive as its been dramatised to be. Credit:Jason South. 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. 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. 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.. He has also written two books. 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. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. MELPOMENE: Is what you know or who you know more important? Were a lot happier not only making money but also making a difference. Equis Energy had a clear strategy of developing and constructing renewable energy generation assets in Asian rural areas, and David mandated that each investment support the health, education and infrastructure of the communities in which each asset was located, changing the lives of thousands of vulnerable parents and children. He covers the Asia Pacific region and is based in Singapore. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. If anything we are quite an introverted group, but we knew what we were talking about. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? Will His AI Plans Be Any Different? In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. Others Named David Russell. Secondly, hierarchical environments create ceilings and politics. 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. 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. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. Everything comes back to the numbers. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. So while I was growing and being mentored, I had that slight frustration. Vignesh has over 7 years experience in infrastructure investment and development across Asia. China Equities: Yesterdays Story or More Compelling Than Ever? At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. 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. Tel: +65 6220 0040, Legal Notice & Terms of Use Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. MELPOMENE: Do you ever watch popular films that depict the financial industry? They used to work at Macquarie. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. MELPOMENE: Skadden has a terrific reputation, how was it like working there? DAVID: Absolutely. Equis' team brings focus, experience, passion and conviction. 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. Copyright 2023 Equis Development Pte. He has delivered assets across the Asia-Pacific. Thomas has over 20 years experience working in a range of business development and energy trading roles. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. If theres a physical tussle over the South China Sea, its not going to affect our facilities. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Find out more. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Once I became nobody, a lot of those people actually went silent. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Congratulations to the Class of 2020, recording our best ever results. David Russell VZIO stock SEC Form 4 insiders trading DAVID: Definitely. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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$5 billion. MELPOMENE: How has it been different at Equis? That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. His thesis and work explore the . We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Apr 2022 - Present11 months. David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. Search. But her kids thought he was a phoney. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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. David Russell earned his B.F.A. I think that helps people remain human in this business. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Chris Wright is Asia editor. 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Hartford, Connecticut, United States. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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$5bn of equity for Asian private equity, Former Macquarie Senior Managing Director & Head of Greater China & Asian Private Equity, Utilities lawyer, Skadden Arps (Washington DC) & Minter Ellison (Melbourne), Bachelor of Economics (Hons), LL.B (Hons), Monash University, Over 25 years of infrastructure investment experience, with 19 years in Australia, Bachelor of Commerce (Hons), Bachelor of Laws (LLB), Deakin University, Advanced Management Program, Harvard Business School, Over 17 years of Asian private equity and infrastructure investment experience, Former Macquarie Vice President & Head of Acquisitions MENA (Abu Dhabi), MKIF investment team (Korea), Bachelor of Economics, Seoul National University, 1 George Street #23-03 Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. All rights reserved. Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education There is no substitute for hard work. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. David Russell In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Its not just gratuitous giving. Theres a whole bunch of things on there that I really dont want to do [laughs]. Alberici's new gig is chief strategy government relations and communications officer. 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. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. David Russell, Equis Group CEO, commented, As Asias 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 Australian consumers., Mr Russell noted, By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. The Projects will involve a capital investment of approximately A$400 million. 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. David is also . David Russell. DAVID: My legal background helped me because it gave me discipline and an eye for detail. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. DAVID: Its all relative. 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. Youre right at the table with them as a trusted advisor. 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. See our. In the battery sector, the prices are falling but their performance is improving. He has delivered assets in Europe, Middle East and Australia. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. 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. Does Joo Chiat Need Another Italian Joint? DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. When the money cleared, the partners of Equis went shopping to celebrate. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. In 1998, David joined Macquarie Group, where he spent 12 years. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? DAVID: Thats the million-dollar question. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. As for the finance background, well, youve got to know the numbers when it comes to running a business. But he also told me theres no law stating that you cant act unreasonably [laughs]. MELPOMENE: How do you envision the use of renewables in ten years time? The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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. 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. We have the saying: You eat what you kill. While were driving for business success, we formally make a point to give back to the community.