MELPOMENE: Why did you decide to target Asian markets? DAVID: Absolutely. Ltd. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Will His AI Plans Be Any Different? Over there, our local guys are empowered to identify and drive growth from bottom up. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. A good thing, no doubt. Craig Marsh settled upon a black McLaren with carbon-fibre trims. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. But her kids thought he was a phoney. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. DAVID: Years ago, we were just moving paper around. 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. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. He was far, far from perfect. DAVID: Technology and mindsets are evolving rapidly. . MELPOMENE: How has it been different at Equis? When I left my previous employer, I didnt realize how risky it actually was. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. Construction of the Collinsville North Solar Project is expected to commence in 2017. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. We also bought businesses, made them better and sold them off. Its important to humble yourself. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. And guess who was right? The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? At work, I am direct with people and I encourage them to be the same with me. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Ltd. Employ over 400 people during the construction phase. 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. Photo: Domain. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. 2023 Tatler Asia Limited. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. People start thinking that these are the bad guys, but based on my experience, its not the case. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market This website uses cookies to improve your experience. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. 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. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. That deal was a second innings for the spin bowler. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. David Russell 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.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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. It could become micro power grid systems where power is generated and distributed locally. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Interest is certainly high. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. He led Equis development of wind and hydro projects in India. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. I think that helps people remain human in this business. 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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. 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. Tel: +65 6220 0040, Legal Notice & Terms of Use Our purpose is to help current and future generations of Australians and we wont stop until we doso. But most importantly, if you want to be successful, youll have to work hard. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. He covers the Asia Pacific region and is based in Singapore. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Called the Lady E, it's available to charter for a cool $767,840 a week. David Russell. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. "I understand now how people can love a person who does awful things. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in 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. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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? Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. So by removing the glass ceiling, we dont lose our senior people as we grow. Its a matter of how theyll be utilised. 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. David is also . But to get to a certain point you have to think forward and consider all the paths and possibilities. 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. 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? 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. 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. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 As for the finance background, well, youve got to know the numbers when it comes to running a business. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. MELPOMENE: Have you ever been forced to rethink your life? Musk Made a Mess at Twitter. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. MELPOMENE: Was your background crucial to your success? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. They are part of C-Suite Department and their management level is C-Level. "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. He has delivered assets in Europe, Middle East and Australia. CRICOS Provider Code: 00132K. DAVID: It was awesome! All rights reserved. Secondly, hierarchical environments create ceilings and politics. When I started out of university, my peer group worked really hard and they were more dedicated. 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. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". They had reason to celebrate. 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. 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. in Public Practice from Otis College of Art and Design in 2011. 2023 High Net Worth All rights reserved. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 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. 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education If theres a physical tussle over the South China Sea, its not going to affect our facilities. being driven to the Seminary of the Good Shepherd. 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. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? And thats very important because we now have 84 projects totaling close to 8 billion dollars. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. 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. 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. Empower. You can only aspire to be like them. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Copyright 2023 Equis Development Pte. Athletes' ambitions don't end when they leave the field of play. Copyright 2023 Brighton Grammar School. DAVID: Even though Im the CEO, the decision-making is a collective process. 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.. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] She wasnt joking. 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. Do you worry about that? 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. China Equities: Yesterdays Story or More Compelling Than Ever? MELPOMENE: They went silent because you left Macquarie? Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. 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. 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 . Senectus et netus et malesuada fames ac turpis egestas sed. Russell received his M.F.A. You connect it to the building, charge it up, and take it home to generate electricity for your house. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 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. in Painting/ Art History from the University of Tulsa. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. DAVID: Its all relative. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. David Russell earned his B.F.A. Where does the fallout from the Adani crisis take India now? In Asia, power has always been the number one sector to invest in, not renewable energy. Congratulations to the Class of 2020, recording our best ever results. 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. 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: The project developers dont have the discretion to make decisions locally? Others Named David Russell. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. His thesis and work explore the . That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. DAVID: Definitely. Not the David Russell you were looking for? Find contact details for 700 million professionals. There are already storage systems that are very profitable, and one of them is pump storage. David Russell Full Name: David Charles Russell Company: Equis Pte. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Vignesh has over 7 years experience in infrastructure investment and development across Asia. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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 $5 billion. MELPOMENE: Large corporations are almost inevitably hierarchical. DAVID: Skydiving! As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. DAVID: 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. 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. Consequat id porta nibh. MELPOMENE: Why did you decide to strike out on your own? 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. Yes, Only if Its Forma. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. He has delivered assets across the Asia-Pacific. Youre right at the table with them as a trusted advisor. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. DAVID: Theres an element of that. There is no substitute for hard work. DAVID K. RUSSELL. Does Joo Chiat Need Another Italian Joint? 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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.
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