DAVID: They worked hard. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. MELPOMENE: Have you ever been forced to rethink your life? 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. 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. 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. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. DAVID: Skydiving! 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 clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. In the Philippines, for example, the government budgets ahead so that they can afford power they 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. People say that Asia is developing, but their frameworks are far more developed than those in Europe. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. Its a matter of how theyll be utilised. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. Alberici vowed she would never front a TV show again after exiting the ABC. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . But to get to a certain point you have to think forward and consider all the paths and possibilities. Ltd. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. DAVID: Its definitely not who you know. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. David Russell earned his B.F.A. 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Its interesting how that has come full circle. 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. 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. 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%. 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. Credit:Jason South. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. DAVID: Theres an element of that. 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. 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. 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. We have the saying: You eat what you kill. 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). Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. MELPOMENE: Was your background crucial to your success? 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. 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. Find contact details for 700 million professionals. 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. But her kids thought he was a phoney. Monash University. 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. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. DAVID: Years ago, we were just moving paper around. It could become micro power grid systems where power is generated and distributed locally. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. Theres a whole bunch of things on there that I really dont want to do [laughs]. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. MELPOMENE: Is it important that the work you do creates value for society? Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. DAVID: It was awesome! Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. Chris Wright is Asia editor. That grew to be OzHarvest. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 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. 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. 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. 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? 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. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. See our. MELPOMENE: Skadden has a terrific reputation, how was it like working there? The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. being driven to the Seminary of the Good Shepherd. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Find out more. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? He was charming and once flew her to Hong Kong for dinner. DAVID: Its all relative. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Hartford, Connecticut, United States. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. But there are a number of governments that came up with programmes to encourage investments in renewable energy. DAVID K. RUSSELL. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. China Equities: Yesterdays Story or More Compelling Than Ever? in Painting/ Art History from the University of Tulsa. Secondly, hierarchical environments create ceilings and politics. 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]. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. The Projects will involve a capital investment of approximately A$400 million. Copyright 2023 Equis Development Pte. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 2023 High Net Worth All rights reserved. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Tel: +65 6220 0040, Legal Notice & Terms of Use His thesis and work explore the . But he also told me theres no law stating that you cant act unreasonably [laughs]. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. MELPOMENE: Did your legal and finance background help you in this field? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. They are part of C-Suite Department and their management level is C-Level. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. He has delivered assets in Europe, Middle East and Australia. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Its not all hindsight. This website uses cookies to improve your experience. He has delivered assets across the Asia-Pacific. Once I became nobody, a lot of those people actually went silent. Head of Acquisitions, Macquarie Korea Infrastructure Fund (KOSPI), Bachelor of Commerce, LL.B, Canterbury University, NZ, Over 28 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Macquarie Senior Managing Director & Head of Infrastructure Advisory for Korea and North Asia, Bachelor of Arts (Hons), Major in Business Economics, UC Santa Barbara, MBA, Sloan School of Business, MIT, Investments, Australia & New Zealand Equis since 2010, Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity, Former Macquarie Senior Managing Director & Head of Greater China & Asian Private Equity, Utilities lawyer, Skadden Arps (Washington DC) & Minter Ellison (Melbourne), Bachelor of Economics (Hons), LL.B (Hons), Monash University, Over 25 years of infrastructure investment experience, with 19 years in Australia, Bachelor of Commerce (Hons), Bachelor of Laws (LLB), Deakin University, Advanced Management Program, Harvard Business School, Over 17 years of Asian private equity and infrastructure investment experience, Former Macquarie Vice President & Head of Acquisitions MENA (Abu Dhabi), MKIF investment team (Korea), Bachelor of Economics, Seoul National University, 1 George Street #23-03 We acknowledge that our school is on the Country of the people of the Kulin Nations. DAVID: I do. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. Search. 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. 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? 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 $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. Its important to humble yourself. It works better for senior management, while the junior staff is more interested in salary and annual bonuses rather than something that could be paid out 5 or 10 years later. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . MELPOMENE: Whats one thing off the top of your head? 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. Others Named David Russell. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. All rights reserved. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Senectus et netus et malesuada fames ac turpis egestas sed. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Were working to restore it. 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 felt that we deserved to be paid well because we were certainly working hard. 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. David Russell VZIO stock SEC Form 4 insiders trading Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. David Russell, Equis 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. CRICOS Provider Code: 00132K. 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Will Others Follow? The company was part of reportedly the largest global renewable energy transaction in history in 2018 when its subsidiary, Equis Energy, was sold to Global Infrastructure Partners for US$5 billion. 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. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. There are already storage systems that are very profitable, and one of them is pump storage. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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 Helping Scaling SaaS and Renewables companies find the best talent Ireland. Apparently Pell was flanked by a number of priests. He covers the Asia Pacific region and is based in Singapore. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. Supply the annual power needs of 63,165 homes. Employ over 400 people during the construction phase. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. At work, I am direct with people and I encourage them to be the same with me. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. 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Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Where does the fallout from the Adani crisis take India now? Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs?
david russell, equis
