Where does the fallout from the Adani crisis take India now? Over there, our local guys are empowered to identify and drive growth from bottom up. Equis Group appoints new partner and reveals management restructure We also bought businesses, made them better and sold them off. 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. 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. I think that helps people remain human in this business. 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. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Athletes' ambitions don't end when they leave the field of play. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. China Equities: Yesterdays Story or More Compelling Than Ever? DAVID: It was awesome! He has delivered assets in Europe, Middle East and Australia. See our. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. Supply the annual power needs of 63,165 homes. 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 is buying the real estate dream | The Australian 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]. David Russell | Sad Business School He led Equis development of wind and solar projects in the Philippines. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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 Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. He was far, far from perfect. One George Street, Singapore 049145 Equis Wins Public Tender to Develop Taiwan's Largest Solar Project . In 2011, David established Equis Energy. 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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 VZIO stock SEC Form 4 insiders trading Chris Wright is Asia editor. 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: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Ltd. DAVID: Its all relative. DAVID: Technology and mindsets are evolving rapidly. DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. 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%. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. "I understand now how people can love a person who does awful things. They are part of C-Suite Department and their management level is C-Level. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project So by removing the glass ceiling, we dont lose our senior people as we grow. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Vignesh has over 7 years experience in infrastructure investment and development across Asia. California Weighs $360,000 in Reparations to Eligible Black Residents. She wasnt joking. 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 $5 billion. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing. DAVID: Thats the million-dollar question. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Copyright 2023 Brighton Grammar School. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? David Russell - Equis The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Theres a whole bunch of things on there that I really dont want to do [laughs]. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. MELPOMENE: Large corporations are almost inevitably hierarchical. Will His AI Plans Be Any Different? David Russell, Equis Funds Group CEO, said, "This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. Lady E: David Russell's birthday bash gets Brighton - Heraldsun Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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. 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. 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.. 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 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Empower. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. 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. being driven to the Seminary of the Good Shepherd. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. MELPOMENE: Why did you decide to target Asian markets? Emma Alberici has landed a new gig, and, as promised, it's not on TV. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. The other guests in the restaurant said they had to pinch themselves. Its a matter of how theyll be utilised. 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All rights reserved. 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. DAVID: Even though Im the CEO, the decision-making is a collective process. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. By submitting this form, I agree to these terms and conditions. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Business isnt as aggressive as its been dramatised to be. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Find out more. 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. About Us - Equis Development Pte. Ltd. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. That deal was a second innings for the spin bowler. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? He covers the Asia Pacific region and is based in Singapore. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Privacy Policy. Alberici's new gig is chief strategy government relations and communications officer. When the money cleared, the partners of Equis went shopping to celebrate. 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. 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Please try again later. Shane Warne sold the Brighton mansion for about $20m in 2018. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Construction of the Collinsville North Solar Project is expected to commence in 2017. 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 . Called the Lady E, it's available to charter for a cool $767,840 a week. 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. 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. Equis Commissions Additional 5 MW of Solar Projects in Taiwan MELPOMENE: How has it been different at Equis? At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. The Projects will involve a capital investment of approximately A$400 million. 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. MELPOMENE: Have you ever been forced to rethink your life? Will Others Follow? 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. MELPOMENE: Has ownership changed your motivation towards work? David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. DAVID K. RUSSELL. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. 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. David Russell. His thesis and work explore the . DAVID: I am always trying to take on more responsibility or have more control over what Im doing. David is also . Another guest wore a blazer bearing an Order of Australia gong on their lapel. A good thing, no doubt. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. 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. He was charming and once flew her to Hong Kong for dinner. Equis to Develop 1,000 MW Solar Project in Queensland, Australia As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? But her kids thought he was a phoney. Monash University. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 2023 High Net Worth All rights reserved. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Thomas has over 20 years experience working in a range of business development and energy trading roles. Youre right at the table with them as a trusted advisor. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age 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. 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. Equis Commissioned over 400MW of Renewable Energy Projects DAVID: They worked hard. And guess who was right? In the battery sector, the prices are falling but their performance is improving. Ive always worked long hours and that hasnt changed. Credit:Jason South. MELPOMENE: The project developers dont have the discretion to make decisions locally? Equis awarded Taiwan's largest solar project at 70MW - PV Tech 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. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). He led Equis development of wind and hydro projects in India. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. in Painting/ Art History from the University of Tulsa. 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. 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. Everything comes back to the numbers. Interest is certainly high. 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. We are committed and responsive to the communities we serve. There are already storage systems that are very profitable, and one of them is pump storage. Our locally based staff boast a strong understanding of rural and regional Australia. He has also written two books. We may no longer need to build big cathedral type power facilities and expensive distribution systems. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. 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. 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. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. These governments need to grow and theyre putting in place very stable regulatory regimes. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Congratulations to the Class of 2020, recording our best ever results. Consequat id porta nibh. 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. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Senectus et netus et malesuada fames ac turpis egestas sed. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. We acknowledge that our school is on the Country of the people of the Kulin Nations. Russell received his M.F.A. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia.