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. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. 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. 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. While were driving for business success, we formally make a point to give back to the community. If theres a physical tussle over the South China Sea, its not going to affect our facilities. The Projects will involve a capital investment of approximately A$400 million. He led Equis development of wind and solar projects in the Philippines. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Not the David Russell you were looking for? Find out more. Others Named David Russell. DAVID: Its definitely not who you know. DAVID: They worked hard. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Everything comes back to the numbers. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. See reunion dates, update your details and give to BGS. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. 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. And thats very important because we now have 84 projects totaling close to 8 billion dollars. 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. 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.. Employ over 400 people during the construction phase. 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. Congratulations to the Class of 2020, recording our best ever results. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. Craig Marsh settled upon a black McLaren with carbon-fibre trims. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. 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. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. 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. And guess who was right? DAVID: Definitely. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. We're sure the builders are observing strict social distancing protocols during stage four lockdown. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. When the money cleared, the partners of Equis went shopping to celebrate. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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. 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. Supply the annual power needs of 63,165 homes. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. By submitting this form, I agree to these terms and conditions. Please try again later. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. We felt that we deserved to be paid well because we were certainly working hard. Yes, Only if Its Forma. 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. We have the saying: You eat what you kill. 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. 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. 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. Shane Warne sold the Brighton mansion for about $20m in 2018. David Russell earned his B.F.A. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Ltd. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. 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. There is no substitute for hard work. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). Youre right at the table with them as a trusted advisor. Ive always worked long hours and that hasnt changed. MELPOMENE: How do you envision the use of renewables in ten years time? 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. When I left my previous employer, I didnt realize how risky it actually was. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Search. MELPOMENE: Why did you decide to target Asian markets? 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. 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. MELPOMENE: Has ownership changed your motivation towards work? 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: Skydiving! Tel: +65 6220 0040, Legal Notice & Terms of Use These governments need to grow and theyre putting in place very stable regulatory regimes. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. 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. Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. DAVID: Years ago, we were just moving paper around. 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. 2023 High Net Worth All rights reserved. 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. He covers the Asia Pacific region and is based in Singapore. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. This website uses cookies to improve your experience. But what has changed is the level of desperation applied to the business when its your own. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Consequat id porta nibh. Emma Alberici has landed a new gig, and, as promised, it's not on TV. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. MELPOMENE: Skadden has a terrific reputation, how was it like working there? Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. The strategy of remaining quiet has worked well, but its now time to engage. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. We acknowledge that our school is on the Country of the people of the Kulin Nations. DAVID: Ive watched a couple and I always cringe [laughs]. 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. 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. 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. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. If anything we are quite an introverted group, but we knew what we were talking about. 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. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Does Joo Chiat Need Another Italian Joint? MELPOMENE: Why did you decide to strike out on your own? 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. Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. Do you worry about that? MELPOMENE: How has it been different at Equis? Prior to joining Equis, Liz held planning and permitting roles at Goldwind. MELPOMENE: Do you ever watch popular films that depict the financial industry? DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. "It was like the last supper," one onlooker said. Empower. 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. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. 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We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? Its important to humble yourself. 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. Our locally based staff boast a strong understanding of rural and regional Australia. As for the finance background, well, youve got to know the numbers when it comes to running a business. . DAVID: It was awesome! HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. MELPOMENE: Have you ever been forced to rethink your life? Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Were a lot happier not only making money but also making a difference. 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 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? MELPOMENE: Whats one thing off the top of your head? Theres a whole bunch of things on there that I really dont want to do [laughs]. Its interesting how that has come full circle. MELPOMENE: They went silent because you left Macquarie? Musk Made a Mess at Twitter. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? 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 . It could become micro power grid systems where power is generated and distributed locally. 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Secondly, hierarchical environments create ceilings and politics. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. 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. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. But to get to a certain point you have to think forward and consider all the paths and possibilities. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? David Russell VZIO stock SEC Form 4 insiders trading The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Once I became nobody, a lot of those people actually went silent. But there are a number of governments that came up with programmes to encourage investments in renewable energy. While were driving for business success, we formally make a point to give back to the community. He led Equis development of wind and hydro projects in India. 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. 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.
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