This website uses cookies to improve your experience. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. DAVID: Definitely. MELPOMENE: Have you ever been forced to rethink your life? 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. They are part of C-Suite Department and their management level is C-Level. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. In 1998, David joined Macquarie Group, where he spent 12 years. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. The Projects will involve a capital investment of approximately A$400 million. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT David Russell. By submitting this form, I agree to these terms and conditions. Search. 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. Alberici's new gig is chief strategy government relations and communications officer. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. See reunion dates, update your details and give to BGS. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. MELPOMENE: Large corporations are almost inevitably hierarchical. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. We definitely know a lot of people, but this business was not built on that. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. DAVID: It was awesome! For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Secondly, hierarchical environments create ceilings and politics. David Russell VZIO stock SEC Form 4 insiders trading One George Street, Singapore 049145 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. So while I was growing and being mentored, I had that slight frustration. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. Will His AI Plans Be Any Different? 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. David Russell 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. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Equis Energy had a clear strategy of developing and constructing renewable energy generation assets in Asian rural areas, and David mandated that each investment support the health, education and infrastructure of the communities in which each asset was located, changing the lives of thousands of vulnerable parents and children. Youre right at the table with them as a trusted advisor. 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. Find out more. But there are a number of governments that came up with programmes to encourage investments in renewable energy. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. There is no substitute for hard work. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Apr 2022 - Present11 months. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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? 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. But what were we adding back to society? At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 2023 Tatler Asia Limited. He led Equis development of wind and hydro projects in India. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. Its human to fear what you dont understand. See our. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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? Co-Founder, Managing Director. 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. Did you feel restricted by that? Congratulations to the Class of 2020, recording our best ever results. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Musk Made a Mess at Twitter. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Not the David Russell you were looking for? When I started out of university, my peer group worked really hard and they were more dedicated. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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 [email protected], Juwon ChaeGroup Head, Sustainability and Investor [email protected]. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. Senectus et netus et malesuada fames ac turpis egestas sed. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. 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. 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. "It was like the last supper," one onlooker said. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. MELPOMENE: Do you ever watch popular films that depict the financial industry? Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. The other guests in the restaurant said they had to pinch themselves. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? Find contact details for 700 million professionals. They had reason to celebrate. Interest is certainly high. 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. 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. I think that helps people remain human in this business. 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 Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. being driven to the Seminary of the Good Shepherd. Its not just gratuitous giving. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Business isnt as aggressive as its been dramatised to be. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Chris Wright is Asia editor. 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. 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. 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. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. 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. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Russell received his M.F.A. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. "I understand now how people can love a person who does awful things. While were driving for business success, we formally make a point to give back to the community. But her kids thought he was a phoney. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). in Public Practice from Otis College of Art and Design in 2011. 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.. "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. MELPOMENE: How do you envision the use of renewables in ten years time? 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. You connect it to the building, charge it up, and take it home to generate electricity for your house. [email protected] 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. DAVID: Even though Im the CEO, the decision-making is a collective process. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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 is also . 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. 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. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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. She wasnt joking. Tel: +65 6220 0040, Legal Notice & Terms of Use 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. 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. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Equis' team brings focus, experience, passion and conviction. 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. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. We also bought businesses, made them better and sold them off. Credit:Jason South. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. At work, I am direct with people and I encourage them to be the same with me. 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 Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. These governments need to grow and theyre putting in place very stable regulatory regimes. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. He covers the Asia Pacific region and is based in Singapore. People say that Asia is developing, but their frameworks are far more developed than those in Europe. 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: Is it important that the work you do creates value for society? My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. Photo: Domain. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. There are already storage systems that are very profitable, and one of them is pump storage. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. MELPOMENE: How has it been different at Equis? Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Were a lot happier not only making money but also making a difference. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. He has delivered assets in Europe, Middle East and Australia. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here.
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