Construction of the Tailem Bend Solar Project is expected to commence in early 2017. 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. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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 I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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. The other guests in the restaurant said they had to pinch themselves. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. David Russell Emma Alberici has landed a new gig, and, as promised, it's not on TV. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. Copyright 2023 Equis Development Pte. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. He covers the Asia Pacific region and is based in Singapore. In Asia, power has always been the number one sector to invest in, not renewable energy. MELPOMENE: Was your background crucial to your success? Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Interest is certainly high. MELPOMENE: Whats one thing off the top of your head? 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. Were a lot happier not only making money but also making a difference. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. DAVID: Skydiving! 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. 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. Its a matter of how theyll be utilised. Apparently Pell was flanked by a number of priests. 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. DAVID: I do. A good thing, no doubt. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. 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. Yes, Only if Its Forma. Photo: Domain. 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. Our locally based staff boast a strong understanding of rural and regional Australia. 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. You can only aspire to be like them. Congratulations to the Class of 2020, recording our best ever results. 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. Consequat id porta nibh. 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. 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. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. 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. Its important to humble yourself. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Supply the annual power needs of 63,165 homes. 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.. DAVID K. RUSSELL. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. 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: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. Secondly, hierarchical environments create ceilings and politics. But what has changed is the level of desperation applied to the business when its your own. 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Tel: +65 6220 0040, Legal Notice & Terms of Use 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. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. 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, 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. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. He led Equis development of wind and hydro projects in India. MELPOMENE: Is what you know or who you know more important? MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Athletes' ambitions don't end when they leave the field of play. All rights reserved. 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 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 He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. When I left my previous employer, I didnt realize how risky it actually was. Does Joo Chiat Need Another Italian Joint? When the money cleared, the partners of Equis went shopping to celebrate. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. DAVID: It was awesome! Kahn thought Anton was like Cary Grant. in Public Practice from Otis College of Art and Design in 2011. 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. 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: What gave you the foresight to begin investing in renewable energy in 2011? Senectus et netus et malesuada fames ac turpis egestas sed. It could become micro power grid systems where power is generated and distributed locally. 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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? But to get to a certain point you have to think forward and consider all the paths and possibilities. DAVID: Thats the million-dollar question. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. I think that helps people remain human in this business. 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. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. MELPOMENE: The project developers dont have the discretion to make decisions locally? I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. At work, I am direct with people and I encourage them to be the same with me. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. If theres a physical tussle over the South China Sea, its not going to affect our facilities. While were driving for business success, we formally make a point to give back to the community. Privacy Policy. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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? 2023 Tatler Asia Limited. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. MELPOMENE: They went silent because you left Macquarie? Did you feel restricted by that? MELPOMENE: How has it been different at Equis? But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. "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. 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. Youre right at the table with them as a trusted advisor. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. 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. All rights reserved. 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. being driven to the Seminary of the Good Shepherd. DAVID: Its all relative. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Shane Warne sold the Brighton mansion for about $20m in 2018. Employ over 400 people during the construction phase. Business isnt as aggressive as its been dramatised to be. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. David Russell Full Name: David Charles Russell Company: Equis Pte. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. You connect it to the building, charge it up, and take it home to generate electricity for your house. Will Others Follow? Copyright 2023 Brighton Grammar School. They had reason to celebrate. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. MELPOMENE: Why did you decide to target Asian markets? One George Street, Singapore 049145 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. Its human to fear what you dont understand. Alberici starts on Monday. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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 . 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. By submitting this form, I agree to these terms and conditions. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Monash University. 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. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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. See reunion dates, update your details and give to BGS. 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]. 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 the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. So by removing the glass ceiling, we dont lose our senior people as we grow. He has also written two books. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Construction of the Collinsville North Solar Project is expected to commence in 2017. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Were working to restore it. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. In the battery sector, the prices are falling but their performance is improving. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. They had reason to celebrate. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. DAVID: Theres an element of that. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. There are already storage systems that are very profitable, and one of them is pump storage. in Painting/ Art History from the University of Tulsa. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later.
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