", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. So while I was growing and being mentored, I had that slight frustration. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. He was charming and once flew her to Hong Kong for dinner. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. Search. 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. 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 . MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Co-Founder, Managing Director. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. In 2011, David established Equis Energy. Photo: Domain. By submitting this form, I agree to these terms and conditions. But there are a number of governments that came up with programmes to encourage investments in renewable energy. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. MELPOMENE: Whats one thing off the top of your head? Alberici's new gig is chief strategy government relations and communications officer. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. Everything comes back to the numbers. 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. Apparently Pell was flanked by a number of priests. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. David Russell. 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. Tel: +65 6220 0040, Legal Notice & Terms of Use DAVID: Thats the million-dollar question. All rights reserved. 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. It could become micro power grid systems where power is generated and distributed locally. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. being driven to the Seminary of the Good Shepherd. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. But her kids thought he was a phoney. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. We started to participate because we saw an opportunity to make good money and invest in a growing sector. His work has included regulatory advice, project delivery advice, and transactional advice. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". There is no substitute for hard work. They had reason to celebrate. They used to work at Macquarie. MELPOMENE: Why did you decide to target Asian markets? 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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. DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. Empower. Others Named David Russell. 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 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. David Russell Full Name: David Charles Russell Company: Equis Pte. When I started out of university, my peer group worked really hard and they were more dedicated. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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: Absolutely. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Construction of the Collinsville North Solar Project is expected to commence in 2017. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. 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. That grew to be OzHarvest. Business isnt as aggressive as its been dramatised to be. 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. 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. 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Craig Marsh settled upon a black McLaren with carbon-fibre trims. He covers the Asia Pacific region and is based in Singapore. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. Monash University. Were a lot happier not only making money but also making a difference. 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. Consequat id porta nibh. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. MELPOMENE: Did your legal and finance background help you in this field? Singapore, 27 March, 2017 In 2015, Equis, Asias largest independent renewable energy investor, commissioned nine (9) solar, wind and hydro projects in India, Japan and the Philippines, with a total generation capacity of 407.4 MW. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . 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. China Equities: Yesterdays Story or More Compelling Than Ever? The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. MELPOMENE: How do you envision the use of renewables in ten years time? DAVID K. RUSSELL. 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. But most importantly, if you want to be successful, youll have to work hard. 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. Copyright 2023 Equis Development Pte. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Will Others Follow? David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . There are already storage systems that are very profitable, and one of them is pump storage. Congratulations to the Class of 2020, recording our best ever results. David is also . MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? MELPOMENE: Skadden has a terrific reputation, how was it like working there? The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. Kahn thought Anton was like Cary Grant. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. in Public Practice from Otis College of Art and Design in 2011. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Alberici vowed she would never front a TV show again after exiting the ABC. DAVID: Its definitely not who you know. 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The strategy of remaining quiet has worked well, but its now time to engage. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. David Russell, 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. MELPOMENE: Why did you decide to strike out on your own? Will His AI Plans Be Any Different? I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Supply the annual power needs of 63,165 homes. 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. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? DAVID: Definitely. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. MELPOMENE: Is it important that the work you do creates value for society? People start thinking that these are the bad guys, but based on my experience, its not the case. If theres a physical tussle over the South China Sea, its not going to affect our facilities. MELPOMENE: Do you ever watch popular films that depict the financial industry? Equis' team brings focus, experience, passion and conviction. California Weighs $360,000 in Reparations to Eligible Black Residents. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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: Was your background crucial to your success? 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. Find out more. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 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. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne 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 of IT entrepreneur Danny Wallis. 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. Athletes' ambitions don't end when they leave the field of play. 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. You connect it to the building, charge it up, and take it home to generate electricity for your house. 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. They are part of C-Suite Department and their management level is C-Level. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy He has also written two books. But what were we adding back to society? 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 When the money cleared, the partners of Equis went shopping to celebrate. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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. Musk Made a Mess at Twitter. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game 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. 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. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. I think that helps people remain human in this business. He has delivered assets in Europe, Middle East and Australia. And guess who was right? DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. Russell received his M.F.A. MELPOMENE: Is what you know or who you know more important? 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. DAVID: They worked hard. Its human to fear what you dont understand. That deal was a second innings for the spin bowler. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. . 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: Ive watched a couple and I always cringe [laughs]. Senectus et netus et malesuada fames ac turpis egestas sed. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. Alberici starts on Monday. But what has changed is the level of desperation applied to the business when its your own. Interest is certainly high. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. MELPOMENE: How has it been different at Equis? As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. This website uses cookies to improve your experience. 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.. Ltd. 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. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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: My legal background helped me because it gave me discipline and an eye for detail. These governments need to grow and theyre putting in place very stable regulatory regimes. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Copyright 2023 Brighton Grammar School. He was far, far from perfect. But he also told me theres no law stating that you cant act unreasonably [laughs]. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Called the Lady E, it's available to charter for a cool $767,840 a week. Vignesh has over 7 years experience in infrastructure investment and development across Asia. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. Do you worry about that? As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. 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.