david russell, equis

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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Greater Newcastle Area. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. But he also told me theres no law stating that you cant act unreasonably [laughs]. Does Joo Chiat Need Another Italian Joint? She wasnt joking. His work has included regulatory advice, project delivery advice, and transactional advice. 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 A good thing, no doubt. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. At work, I am direct with people and I encourage them to be the same with me. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. 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? Senectus et netus et malesuada fames ac turpis egestas sed. 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 also bought businesses, made them better and sold them off. The Projects will involve a capital investment of approximately A$400 million. His thesis and work explore the . But her kids thought he was a phoney. 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 . MELPOMENE: Did your legal and finance background help you in this field? He led Equis development of wind and solar projects in the Philippines. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Consequat id porta nibh. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. The combined power and large-scale generation certificates price of the Tailem Bend Solar Project is approximately 40% less than prevailing South Australian market prices, delivering significant savings to South Australian consumers. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. DAVID: Absolutely. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. They had reason to celebrate. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. 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. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. As for the finance background, well, youve got to know the numbers when it comes to running a business. DAVID: Years ago, we were just moving paper around. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. David Russell Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? Equis' team brings focus, experience, passion and conviction. 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. 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]. 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. 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. Please try again later. Our locally based staff boast a strong understanding of rural and regional Australia. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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 Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. These governments need to grow and theyre putting in place very stable regulatory regimes. DAVID: Skydiving! While were driving for business success, we formally make a point to give back to the community. 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. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Musk Made a Mess at Twitter. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. David Russell, Equis 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. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. They used to work at Macquarie. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. China Equities: Yesterdays Story or More Compelling Than Ever? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Others Named David Russell. DAVID: Technology and mindsets are evolving rapidly. He led Equis development of wind and hydro projects in India. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Photo: Domain. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. California Weighs $360,000 in Reparations to Eligible Black Residents. One George Street, Singapore 049145 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. But what were we adding back to society? Its interesting how that has come full circle. DAVID: Its all relative. He has also written two books. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Youre right at the table with them as a trusted advisor. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. 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. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Athletes' ambitions don't end when they leave the field of play. 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. Apparently Pell was flanked by a number of priests. David Russell VZIO stock SEC Form 4 insiders trading 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. When the money cleared, the partners of Equis went shopping to celebrate. Craig Marsh settled upon a black McLaren with carbon-fibre trims. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Empower. Another guest wore a blazer bearing an Order of Australia gong on their lapel. Do you worry about that? 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. "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. 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. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Construction of the Collinsville North Solar Project is expected to commence in 2017. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. This website uses cookies to improve your experience. That grew to be OzHarvest. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. 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. See our. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Kahn thought Anton was like Cary Grant. 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. That deal was a second innings for the spin bowler. In the battery sector, the prices are falling but their performance is improving. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Those who want to work 9 to 5 will be successful in certain types of careers, but what we do here requires a lot of hard work. Find out more. While were driving for business success, we formally make a point to give back to the community. They are part of C-Suite Department and their management level is C-Level. being driven to the Seminary of the Good Shepherd. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. 2023 High Net Worth All rights reserved. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. They had reason to celebrate. David Russell earned his B.F.A. In Asia, power has always been the number one sector to invest in, not renewable energy. Its human to fear what you dont understand. In 2011, David established Equis Energy. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. in Painting/ Art History from the University of Tulsa. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. MELPOMENE: How has it been different at Equis? In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. 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. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. Once I became nobody, a lot of those people actually went silent. Called the Lady E, it's available to charter for a cool $767,840 a week. Search. All rights reserved. But most importantly, if you want to be successful, youll have to work hard. Those inside the restaurant overheard the dinner was held to mark his release from jail. in Public Practice from Otis College of Art and Design in 2011. If anything we are quite an introverted group, but we knew what we were talking about. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. MELPOMENE: They went silent because you left Macquarie? David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Did you feel restricted by that? We offer a range of scholarships to give as many boys as possible the chance of a BGS education. DAVID: Thats the million-dollar question. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? So while I was growing and being mentored, I had that slight frustration. 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. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. The other guests in the restaurant said they had to pinch themselves. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. 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 $20 million in an off-market deal in 2018. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. Everything comes back to the numbers. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. 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. 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 MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. We definitely know a lot of people, but this business was not built on that. We felt that we deserved to be paid well because we were certainly working hard. 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? EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. What: Equis is focused on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure assets. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. When I left my previous employer, I didnt realize how risky it actually was. He covers the Asia Pacific region and is based in Singapore. "I understand now how people can love a person who does awful things. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Co-Founder, Managing Director. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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. DAVID: Its definitely not who you know. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. You can only aspire to be like them. Russell received his M.F.A. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. Copyright 2023 Brighton Grammar School. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. 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. 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