Employ over 400 people during the construction phase. 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. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 He was far, far from perfect. 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. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. 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? My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. DAVID: Ive watched a couple and I always cringe [laughs]. Find contact details for 700 million professionals. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. MELPOMENE: The project developers dont have the discretion to make decisions locally? We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. 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. Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. 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. Kahn thought Anton was like Cary Grant. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Some $1.3 billion of that was assumed liabilities, but still, it was a landmark: $3.7 billion of equity, the vast majority of it in unrestricted cash. 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 Painting/ Art History from the University of Tulsa. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Its a matter of how theyll be utilised. They are part of C-Suite Department and their management level is C-Level. DAVID: Years ago, we were just moving paper around. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. You connect it to the building, charge it up, and take it home to generate electricity for your house. California Weighs $360,000 in Reparations to Eligible Black Residents. . He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Equis' team brings focus, experience, passion and conviction. 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. David Russell These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. By submitting this form, I agree to these terms and conditions. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. We are committed and responsive to the communities we serve. MELPOMENE: How has it been different at Equis? Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. 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David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully. And that has always stuck with me. One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully.. 2023 High Net Worth All rights reserved. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Called the Lady E, it's available to charter for a cool $767,840 a week. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Our purpose is to help current and future generations of Australians and we wont stop until we doso. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. Its not just gratuitous giving. That deal was a second innings for the spin bowler. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Ltd. He led Equis development of wind and solar projects in the Philippines. DAVID: Its definitely not who you know. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. MELPOMENE: Skadden has a terrific reputation, how was it like working there? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. David Russell earned his B.F.A. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. DAVID: Skydiving! In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. The company was part of reportedly the largest global renewable energy transaction in history in 2018 when its subsidiary, Equis Energy, was sold to Global Infrastructure Partners for US$5 billion. MELPOMENE: Did your legal and finance background help you in this field? 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Its not all hindsight. Do you worry about that? DAVID: Even though Im the CEO, the decision-making is a collective process. MELPOMENE: Has ownership changed your motivation towards work? All rights reserved. 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. He covers the Asia Pacific region and is based in Singapore. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. DAVID: Thats the million-dollar question. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. 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? At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Will Others Follow? At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. If anything we are quite an introverted group, but we knew what we were talking about. 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. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Youre right at the table with them as a trusted advisor. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 In Asia, power has always been the number one sector to invest in, not renewable energy. But what has changed is the level of desperation applied to the business when its your own. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? We started to participate because we saw an opportunity to make good money and invest in a growing sector. 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. Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. DAVID: 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. 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. 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. He led Equis development of wind and hydro projects in India. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. But what were we adding back to society? But most importantly, if you want to be successful, youll have to work hard. DAVID: Absolutely. We also bought businesses, made them better and sold them off. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. Others Named David Russell. Construction of the Collinsville North Solar Project is expected to commence in 2017. 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. 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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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. Privacy Policy. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. 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? See reunion dates, update your details and give to BGS. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. 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. All rights reserved. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. DAVID: It was awesome! But there are a number of governments that came up with programmes to encourage investments in renewable energy. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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. Musk Made a Mess at Twitter. 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. 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 You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Will His AI Plans Be Any Different? Where does the fallout from the Adani crisis take India now? 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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]. 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. DAVID K. RUSSELL. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? They used to work at Macquarie. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Were working to restore it. People say that Asia is developing, but their frameworks are far more developed than those in Europe. There is no substitute for hard work. 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. 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.
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