It could become micro power grid systems where power is generated and distributed locally. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Will Others Follow? Find out more. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. DAVID: 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. This website uses cookies to improve your experience. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. 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. When I started out of university, my peer group worked really hard and they were more dedicated. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Greater Newcastle Area. Craig Marsh settled upon a black McLaren with carbon-fibre trims. being driven to the Seminary of the Good Shepherd. We are committed and responsive to the communities we serve. Did you feel restricted by that? I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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 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. They are part of C-Suite Department and their management level is C-Level. 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. 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. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. MELPOMENE: Have you ever been forced to rethink your life? By submitting this form, I agree to these terms and conditions. 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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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.. Where does the fallout from the Adani crisis take India now? MELPOMENE: Was your background crucial to your success? Everything comes back to the numbers. 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. 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: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Not the David Russell you were looking for? MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. 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. Interest is certainly high. We also bought businesses, made them better and sold them off. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? We felt that we deserved to be paid well because we were certainly working hard. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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.. In the battery sector, the prices are falling but their performance is improving. Its interesting how that has come full circle. 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. 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. 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. Once I became nobody, a lot of those people actually went silent. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Called the Lady E, it's available to charter for a cool $767,840 a week. 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. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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? His thesis and work explore the . We acknowledge that our school is on the Country of the people of the Kulin Nations. 2023 High Net Worth All rights reserved. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. In 2011, David established Equis Energy. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Please try again later. 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. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. He has delivered assets across the Asia-Pacific. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. 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And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. See reunion dates, update your details and give to BGS. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Alberici's new gig is chief strategy government relations and communications officer. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Ltd. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. Yes, Only if Its Forma. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . So by removing the glass ceiling, we dont lose our senior people as we grow. 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. DAVID: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. David is also . China Equities: Yesterdays Story or More Compelling Than Ever? Copyright 2023 Brighton Grammar School. Credit:Jason South. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. MELPOMENE: Is what you know or who you know more important? 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. Construction of the Collinsville North Solar Project is expected to commence in 2017. He has also written two books. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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. Employ over 400 people during the construction phase. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. One George Street, Singapore 049145 Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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. DAVID: Its definitely not who you know. 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. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Empower. That grew to be OzHarvest. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. While were driving for business success, we formally make a point to give back to the community. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Consequat id porta nibh. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: My legal background helped me because it gave me discipline and an eye for detail. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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 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. 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. 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. DAVID: Ive watched a couple and I always cringe [laughs]. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. There is no substitute for hard work. 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. in Painting/ Art History from the University of Tulsa. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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 . 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. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT 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. MELPOMENE: Large corporations are almost inevitably hierarchical. 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. 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. But most importantly, if you want to be successful, youll have to work hard. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. But there are a number of governments that came up with programmes to encourage investments in renewable energy. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. But what has changed is the level of desperation applied to the business when its your own. 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%. They used to work at Macquarie. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Apr 2022 - Present11 months. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Its important to humble yourself. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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? Youre right at the table with them as a trusted advisor. DAVID K. RUSSELL. He covers the Asia Pacific region and is based in Singapore. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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. 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. That deal was a second innings for the spin bowler. California Weighs $360,000 in Reparations to Eligible Black Residents. DAVID: Definitely. 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. We started to participate because we saw an opportunity to make good money and invest in a growing sector. MELPOMENE: Skadden has a terrific reputation, how was it like working there? Search. Business isnt as aggressive as its been dramatised to be. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. So while I was growing and being mentored, I had that slight frustration. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. David Russell Full Name: David Charles Russell Company: Equis Pte. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. MELPOMENE: Do you ever watch popular films that depict the financial industry? Our purpose is to help current and future generations of Australians and we wont stop until we doso. But her kids thought he was a phoney. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. DAVID: Technology and mindsets are evolving rapidly. Craig Marsh settled upon a black McLaren with carbon-fibre trims. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion.
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