david russell, equis
Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David is also . The other guests in the restaurant said they had to pinch themselves. Ltd. DAVID: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. 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. 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. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. Where does the fallout from the Adani crisis take India now? 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. He was far, far from perfect. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Supply the annual power needs of 63,165 homes. 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. Please try again later. 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? 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. This website uses cookies to improve your experience. Secondly, hierarchical environments create ceilings and politics. Privacy Policy. 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) $5bn in 2017. Consequat id porta nibh. At work, I am direct with people and I encourage them to be the same with me. So while I was growing and being mentored, I had that slight frustration. Photo: Domain. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. DAVID: Its definitely not who you know. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Its not just gratuitous giving. DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Monash University. 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. There are already storage systems that are very profitable, and one of them is pump storage. I think that helps people remain human in this business. All rights reserved. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Find contact details for 700 million professionals. DAVID: Years ago, we were just moving paper around. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. MELPOMENE: Has ownership changed your motivation towards work? Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Over there, our local guys are empowered to identify and drive growth from bottom up. She wasnt joking. Once I became nobody, a lot of those people actually went silent. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. "It was like the last supper," one onlooker said. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. He covers the Asia Pacific region and is based in Singapore. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? But what has changed is the level of desperation applied to the business when its your own. People say that Asia is developing, but their frameworks are far more developed than those in Europe. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. His thesis and work explore the . He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education MELPOMENE: They went silent because you left Macquarie? 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. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. It could become micro power grid systems where power is generated and distributed locally. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Yes, Only if Its Forma. We have the saying: You eat what you kill. He has also written two books. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Its important to humble yourself. DAVID: My legal background helped me because it gave me discipline and an eye for detail. But he also told me theres no law stating that you cant act unreasonably [laughs]. Called the Lady E, it's available to charter for a cool $767,840 a week. But to get to a certain point you have to think forward and consider all the paths and possibilities. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Russell received his M.F.A. 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. He led Equis development of wind and solar projects in the Philippines. 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. 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. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. But there are a number of governments that came up with programmes to encourage investments in renewable energy. And guess who was right? Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. DAVID: Skydiving! The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. Alberici's new gig is chief strategy government relations and communications officer. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Ltd. DAVID: Ive watched a couple and I always cringe [laughs]. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. While were driving for business success, we formally make a point to give back to the community. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. "I understand now how people can love a person who does awful things. "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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. MELPOMENE: Did your legal and finance background help you in this field? 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. Alberici vowed she would never front a TV show again after exiting the ABC. We acknowledge that our school is on the Country of the people of the Kulin Nations. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. MELPOMENE: Whats one thing off the top of your head? He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. 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. 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. So by removing the glass ceiling, we dont lose our senior people as we grow. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. David Russell VZIO stock SEC Form 4 insiders trading Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. David Russell earned his B.F.A. Apr 2022 - Present11 months. That deal was a second innings for the spin bowler. We also bought businesses, made them better and sold them off. Employ over 400 people during the construction phase. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. He was charming and once flew her to Hong Kong for dinner. 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 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 . David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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. We are committed and responsive to the communities we serve. 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. Does Joo Chiat Need Another Italian Joint? Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Were working to restore it. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. That grew to be OzHarvest. 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. 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. 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. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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. It works better for senior management, while the junior staff is more interested in salary and annual bonuses rather than something that could be paid out 5 or 10 years later. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. If anything we are quite an introverted group, but we knew what we were talking about. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. MELPOMENE: Is what you know or who you know more important? 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. 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. 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 . MELPOMENE: The project developers dont have the discretion to make decisions locally? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. Congratulations to the Class of 2020, recording our best ever results. in Painting/ Art History from the University of Tulsa. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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? MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. China Equities: Yesterdays Story or More Compelling Than Ever? 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 led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. David Russell Find out more. 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. MELPOMENE: Why did you decide to strike out on your own? 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. By submitting this form, I agree to these terms and conditions. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Musk Made a Mess at Twitter. Empower. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. 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. 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. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] But most importantly, if you want to be successful, youll have to work hard. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. See reunion dates, update your details and give to BGS. 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. 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. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. They had reason to celebrate. DAVID: Its all relative. 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. You connect it to the building, charge it up, and take it home to generate electricity for your house. Our locally based staff boast a strong understanding of rural and regional Australia. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Search. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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