He has delivered assets across the Asia-Pacific. Alberici's new gig is chief strategy government relations and communications officer. Copyright 2023 Brighton Grammar School. 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. 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. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. We have the saying: You eat what you kill. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. He led Equis development of wind and hydro projects in India. 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. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Empower. 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. We are committed and responsive to the communities we serve. 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Its not just gratuitous giving. DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. David Russell As for the finance background, well, youve got to know the numbers when it comes to running a business. By submitting this form, I agree to these terms and conditions. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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. 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. Does Joo Chiat Need Another Italian Joint? Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. 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. We also bought businesses, made them better and sold them off. Do you worry about that? While were driving for business success, we formally make a point to give back to the community. Its interesting how that has come full circle. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. in Painting/ Art History from the University of Tulsa. DAVID: Even though Im the CEO, the decision-making is a collective process. Photo: Domain. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. The Projects will involve a capital investment of approximately A$400 million. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Not the David Russell you were looking for? We acknowledge that our school is on the Country of the people of the Kulin Nations. Good Graces Doesnt Need Much to Get in Your Good Books, Tiger Artist Tan Seng Yong Captures War and Peace Through His Work, Never-Seen-Before Exhibition of Andy Warhols Photography at Hotel Bel-Air, Singapores Oldest Living Pioneer Artist Has an Exhibition and Book Out, Artist Camilla Engstrm Is What the World Needs Right Now, The Lowdown on Barcelonas Most Stylish Hotel, The Standard Set to Open Its Asia Flagship Hotel in May, Why This Space-Inspired Luxury Camp in Antarctica Costs US$65,000, The Destination You Should Visit in 2022, Based on Your Chinese Zodiac, Bang & Olufsens New Beosound Theatre Is the Best Soundbar Out There, Hublot Drops Limited-Edition Watch With Crypto Company Ledger, The SaleSales Dempsey Pop-Up Offers Luxury Fashion Deals From Famous Brands, Bang & Olufsen and CLOT Release Blood Red Beosound A1 Speaker, Rolls-Royce Spectre: The Worlds Most Luxurious Electric Car, Lamborghinis Urus Performante Is a Next-Level Super SUV, Aston Martin Has Built Its First DBX707 Customer Car, Self-Partnership Isnt Just for Single People, Tan Kheng Hua: Stay-Home Notice? David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. Alberici starts on Monday. When the money cleared, the partners of Equis went shopping to celebrate. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 2023 High Net Worth All rights reserved. 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. Search. 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 Greater Newcastle Area. And guess who was right? Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. MELPOMENE: How do you envision the use of renewables in ten years time? The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Find contact details for 700 million professionals. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. These governments need to grow and theyre putting in place very stable regulatory regimes. David Russell earned his B.F.A. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. Youre right at the table with them as a trusted advisor. Everything comes back to the numbers. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. We definitely know a lot of people, but this business was not built on that. Its important to humble yourself. 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. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. CRICOS Provider Code: 00132K. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. Over there, our local guys are empowered to identify and drive growth from bottom up. 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. Congratulations to the Class of 2020, recording our best ever results. Were sorry, this feature is currently unavailable. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. MELPOMENE: How has it been different at Equis? She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. In the battery sector, the prices are falling but their performance is improving. DAVID: They worked hard. Kahn thought Anton was like Cary Grant. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. He covers the Asia Pacific region and is based in Singapore. "I understand now how people can love a person who does awful things. 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. But what has changed is the level of desperation applied to the business when its your own. Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. 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. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. 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]. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Interest is certainly high. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, CEO/Partner/Co-Founder, Equis Funds Group. Shane Warne sold the Brighton mansion for about $20m in 2018. They had reason to celebrate. Supply the annual power needs of 63,165 homes. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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: I am always trying to take on more responsibility or have more control over what Im doing. Our locally based staff boast a strong understanding of rural and regional Australia. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Others Named David Russell. 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. Senectus et netus et malesuada fames ac turpis egestas sed. MELPOMENE: Is what you know or who you know more important? He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. In 1998, David joined Macquarie Group, where he spent 12 years. They used to work at Macquarie. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. He has also written two books. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. But what were we adding back to society? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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%. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. 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 $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. Athletes' ambitions don't end when they leave the field of play. Musk Made a Mess at Twitter. 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. 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. 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. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. 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. Its a matter of how theyll be utilised. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Kahn is frank in the book, telling a painful story about a former American boyfriend she calls Anton whom she dated after her marriage broke down. Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. 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. One George Street, Singapore 049145 You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Apparently Pell was flanked by a number of priests. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. All rights reserved. DAVID: Thats the million-dollar question. "It was like the last supper," one onlooker said. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. Were a lot happier not only making money but also making a difference. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. 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. Russell received his M.F.A. MELPOMENE: Do you think that giving people ownership is the way to motivate them? You can only aspire to be like them. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. in Public Practice from Otis College of Art and Design in 2011. DAVID: Theres an element of that. In 2011, David established Equis Energy. 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. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. MELPOMENE: Do you ever watch popular films that depict the financial industry? David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. That deal was a second innings for the spin bowler. MELPOMENE: Is it important that the work you do creates value for society? When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? David Russell VZIO stock SEC Form 4 insiders trading DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education A good thing, no doubt. Employ over 400 people during the construction phase. 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. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. 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. Ltd. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. MELPOMENE: Skadden has a terrific reputation, how was it like working there? They are part of C-Suite Department and their management level is C-Level. 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 russell, equis
david russell, equis
