At work, I am direct with people and I encourage them to be the same with me. MELPOMENE: Did your legal and finance background help you in this field? 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. DAVID: Even though Im the CEO, the decision-making is a collective process. These governments need to grow and theyre putting in place very stable regulatory regimes. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. Copyright 2023 Equis Development Pte. David Russell - Head of Private Equity Asia and Greater China Everything comes back to the numbers. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. DAVID: Theres an element of that. David Russell - Brighton Grammar: Leading Private School | Boys' School 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. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Photo: Domain. He was charming and once flew her to Hong Kong for dinner. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Another guest wore a blazer bearing an Order of Australia gong on their lapel. Hartford, Connecticut, United States. 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. Does Joo Chiat Need Another Italian Joint? 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Apr 2022 - Present11 months. 2023 Tatler Asia Limited. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. DAVID: Technology and mindsets are evolving rapidly. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. In the battery sector, the prices are falling but their performance is improving. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. The other guests in the restaurant said they had to pinch themselves. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Equis Commissioned over 400MW of Renewable Energy Projects MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. DAVID: I do. If theres a physical tussle over the South China Sea, its not going to affect our facilities. A good thing, no doubt. DAVID: Definitely. Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. All rights reserved. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Its human to fear what you dont understand. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. We also bought businesses, made them better and sold them off. 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.. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. Were sorry, this feature is currently unavailable. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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 pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. 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 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. David Russell - Crunchbase Person Profile My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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 $20 million in an off-market deal in 2018. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Will Others Follow? We have the saying: You eat what you kill. She wasnt joking. The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. But there are a number of governments that came up with programmes to encourage investments in renewable energy. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Musk Made a Mess at Twitter. David Russell - Equis Development Pte. Ltd. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Its important to humble yourself. There is no substitute for hard work. Secondly, hierarchical environments create ceilings and politics. Once I became nobody, a lot of those people actually went silent. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. MELPOMENE: Is what you know or who you know more important? And guess who was right? Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. When I started out of university, my peer group worked really hard and they were more dedicated. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. MELPOMENE: Is it important that the work you do creates value for society? 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Interest is certainly high. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? DAVID K. RUSSELL. Others Named David Russell. 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%. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. He covers the Asia Pacific region and is based in Singapore. Yes, Only if Its Forma. DAVID: Skydiving! 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 David Russell is buying the real estate dream | The Australian And thats very important because we now have 84 projects totaling close to 8 billion dollars. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Our locally based staff boast a strong understanding of rural and regional Australia. They are part of C-Suite Department and their management level is C-Level. 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. Our People - equis.com.au Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. being driven to the Seminary of the Good Shepherd. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Do you worry about that? 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. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. See reunion dates, update your details and give to BGS. 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. 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 Archives - Saving with Solar 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. 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. 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 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. Were a lot happier not only making money but also making a difference. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. That deal was a second innings for the spin bowler. As for the finance background, well, youve got to know the numbers when it comes to running a business. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo 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. Athletes' ambitions don't end when they leave the field of play. 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. CRICOS Provider Code: 00132K. Tel: +65 6220 0040, Legal Notice & Terms of Use The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. He has delivered assets in Europe, Middle East and Australia. 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. 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. MELPOMENE: How has it been different at Equis? Home | David K. Russell David Russell earned his B.F.A. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. All rights reserved. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. They had reason to celebrate. Those inside the restaurant overheard the dinner was held to mark his release from jail. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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 Its not all hindsight. 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. They used to work at Macquarie. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 MELPOMENE: How do you envision the use of renewables in ten years time? 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. 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. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. 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. DAVID: Absolutely. MELPOMENE: Large corporations are almost inevitably hierarchical. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. "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. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. The strategy of remaining quiet has worked well, but its now time to engage. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. 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. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Greater Newcastle Area. 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. David Russell | Tatler Asia These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. Private equity: The inside story of Equis and its partners' $800 Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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.
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