MELPOMENE: Large corporations are almost inevitably hierarchical. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. We have the saying: You eat what you kill. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Employ over 400 people during the construction phase. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. MELPOMENE: How do you envision the use of renewables in ten years time? When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Monash University. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. Equis' team brings focus, experience, passion and conviction. Search. Equis Commissioned over 400MW of Renewable Energy Projects Equis Expands into Australia with Two Large Solar Projects Photo: Domain. 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]. While were driving for business success, we formally make a point to give back to the community. 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 pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. The other guests in the restaurant said they had to pinch themselves. This website uses cookies to improve your experience. They used to work at Macquarie. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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. Conversations with David Russell | High Net Worth Find out more. 2023 Tatler Asia Limited. Chris Wright is Asia editor. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? We are committed and responsive to the communities we serve. One George Street, Singapore 049145 As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Shane Warne sold the Brighton mansion for about $20m 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. Our People - equis.com.au Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. His work has included regulatory advice, project delivery advice, and transactional advice. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. In contrast, if you look at Spain, the government gave concessions to the developers but re-regulated when they realised they couldnt afford to buy power. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Copyright 2023 Brighton Grammar School. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. We're sure the builders are observing strict social distancing protocols during stage four lockdown. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Its a matter of how theyll be utilised. "It was like the last supper," one onlooker said. Interest is certainly high. Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. Its human to fear what you dont understand. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Please try again later. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. That grew to be OzHarvest. When I left my previous employer, I didnt realize how risky it actually was. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Equis to Develop 1,000 MW Solar Project in Queensland, Australia He was charming and once flew her to Hong Kong for dinner. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). MELPOMENE: They went silent because you left Macquarie? Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. DAVID: It was awesome! In the Philippines, for example, the government budgets ahead so that they can afford power they need. Copyright 2023 Equis Development Pte. 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. But what has changed is the level of desperation applied to the business when its your own. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. being driven to the Seminary of the Good Shepherd. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. DAVID: Years ago, we were just moving paper around. Alberici's new gig is chief strategy government relations and communications officer. David Russell - Brighton Grammar: Leading Private School | Boys' School David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Home | David K. Russell 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? David Russell - Oakland, California, United States - LinkedIn Business isnt as aggressive as its been dramatised to be. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Alberici vowed she would never front a TV show again after exiting the ABC. DAVID: Its all relative. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. So while I was growing and being mentored, I had that slight frustration. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. DAVID: Skydiving! Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Will Others Follow? Bibendum arcu vitae elementum curabitur vitae nunc sed velit. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader David Charles Russell - Equis Pte. Ltd. - privatefunddata.com Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. David Eugene Russell Net Worth (2023) | wallmine Equis becomes owner of USD-1.3 bn battery project in Victoria Craig Marsh settled upon a black McLaren with carbon-fibre trims. Do you worry about that? People start thinking that these are the bad guys, but based on my experience, its not the case. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy About Us - Equis Development Pte. Ltd. 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. 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%. Its not all hindsight. California Weighs $360,000 in Reparations to Eligible Black Residents. At work, I am direct with people and I encourage them to be the same with me. Everything comes back to the numbers. Co-Founder, Managing Director. 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. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. David Russell - Director, Technology Practices and Standards - LinkedIn MELPOMENE: The project developers dont have the discretion to make decisions locally? Others Named David Russell. 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.. Ive always worked long hours and that hasnt changed. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . In the battery sector, the prices are falling but their performance is improving. David Russell, Equis Funds Group: Profile and Biography You can only aspire to be like them. He has also written two books. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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 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 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. Our locally based staff boast a strong understanding of rural and regional Australia. DAVID: Absolutely. 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. DAVID: Even though Im the CEO, the decision-making is a collective process. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. 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. 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. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. 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? . 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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 $14.25m, 18 months before selling it to the Russells. MELPOMENE: Have you ever been forced to rethink your life? Apparently Pell was flanked by a number of priests. Once I became nobody, a lot of those people actually went silent. Credit:Jason South. Singapore, 27 March, 2017 In 2015, Equis, Asias largest independent renewable energy investor, commissioned nine (9) solar, wind and hydro projects in India, Japan and the Philippines, with a total generation capacity of 407.4 MW. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. They had reason to celebrate. David Russell email address & phone number | Equis Chief Executive MELPOMENE: Was your background crucial to your success? 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 . Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Senectus et netus et malesuada fames ac turpis egestas sed. Hartford, Connecticut, United States. 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. All rights reserved. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. If theres a physical tussle over the South China Sea, its not going to affect our facilities. Consequat id porta nibh. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. But what were we adding back to society? 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.

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