But he also told me theres no law stating that you cant act unreasonably [laughs]. David is also . 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 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. And guess who was right? And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. These people deserve to be caught and punished, but they are certainly not the norm in the industry. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Interest is certainly high. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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: People dont understand the industry, its very complex and even I dont understand some parts of it. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? Those who want to work 9 to 5 will be successful in certain types of careers, but what we do here requires a lot of hard work. A good thing, no doubt. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. DAVID: Definitely. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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. 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? 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. 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. Yes, Only if Its Forma. 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. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. In Asia, power has always been the number one sector to invest in, not renewable energy. 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 Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. All rights reserved. Were sorry, this feature is currently unavailable. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. Supply the annual power needs of 63,165 homes. We have the saying: You eat what you kill. DAVID: Years ago, we were just moving paper around. "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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. in Painting/ Art History from the University of Tulsa. The other guests in the restaurant said they had to pinch themselves. We're sure the builders are observing strict social distancing protocols during stage four lockdown. The Projects will involve a capital investment of approximately A$400 million. Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. We also bought businesses, made them better and sold them off. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Empower. DAVID: Technology and mindsets are evolving rapidly. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. The firm focuses on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure, across Asia Pacific. These governments need to grow and theyre putting in place very stable regulatory regimes. The strategy of remaining quiet has worked well, but its now time to engage. David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. Our purpose is to help current and future generations of Australians and we wont stop until we doso. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. David Russell earned his B.F.A. Apr 2022 - Present11 months. DAVID: Thats the million-dollar question. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Please try again later. 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. We are committed and responsive to the communities we serve. "It was like the last supper," one onlooker said. 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. 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. 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. 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? Does Joo Chiat Need Another Italian Joint? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. And thats very important because we now have 84 projects totaling close to 8 billion dollars. He led Equis development of wind and solar projects in the Philippines. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. 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In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. 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. "I understand now how people can love a person who does awful things. Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne 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 of IT entrepreneur Danny Wallis. Find contact details for 700 million professionals. They used to work at Macquarie. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. That deal was a second innings for the spin bowler. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. In 1998, David joined Macquarie Group, where he spent 12 years. 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. 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 . Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. They had reason to celebrate. Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. They had reason to celebrate. 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. Once I became nobody, a lot of those people actually went silent. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. There are already storage systems that are very profitable, and one of them is pump storage. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Were a lot happier not only making money but also making a difference. But what has changed is the level of desperation applied to the business when its your own. 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. 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. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Where does the fallout from the Adani crisis take India now? 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. We definitely know a lot of people, but this business was not built on that. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. We acknowledge that our school is on the Country of the people of the Kulin Nations. Alberici's new gig is chief strategy government relations and communications officer. 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. 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. Emma Alberici has landed a new gig, and, as promised, it's not on TV. Its human to fear what you dont understand. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. We acknowledge that our school is on the Country of the people of the Kulin Nations. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. While were driving for business success, we formally make a point to give back to the community. Craig Marsh settled upon a black McLaren with carbon-fibre trims. It could become micro power grid systems where power is generated and distributed locally. DAVID K. RUSSELL. Its a matter of how theyll be utilised. This website uses cookies to improve your experience. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. Its interesting how that has come full circle. 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. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. 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. He has delivered assets across the Asia-Pacific. You can only aspire to be like them. MELPOMENE: Is what you know or who you know more important? Congratulations to the Class of 2020, recording our best ever results. Copyright 2023 Equis Development Pte. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. There is no substitute for hard work. Shane Warne sold the Brighton mansion for about $20m in 2018. One George Street, Singapore 049145 HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 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. Greater Newcastle Area. In 2011, David established Equis Energy. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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. 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. MELPOMENE: Has ownership changed your motivation towards work? 2023 High Net Worth All rights reserved. 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. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? David Russell. 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. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? DAVID: Theres an element of that. DAVID: It was awesome! Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. I think that helps people remain human in this business. 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When I left my previous employer, I didnt realize how risky it actually was. David Russell VZIO stock SEC Form 4 insiders trading We may no longer need to build big cathedral type power facilities and expensive distribution systems. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Co-Founder, Managing Director. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. If anything we are quite an introverted group, but we knew what we were talking about. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Employ over 400 people during the construction phase. In the battery sector, the prices are falling but their performance is improving. 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 . Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? DAVID: I do. 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 The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. Its important to humble yourself. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. They are part of C-Suite Department and their management level is C-Level. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. That grew to be OzHarvest. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Did you feel restricted by that? In the Philippines, for example, the government budgets ahead so that they can afford power they need. DAVID: Absolutely. 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. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. But there are a number of governments that came up with programmes to encourage investments in renewable energy.

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