david russell, equis david russell, equis

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. 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. DAVID: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. "It was like the last supper," one onlooker said. 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. 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. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. He has delivered assets in Europe, Middle East and Australia. Supply the annual power needs of 63,165 homes. 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. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. 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. 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. 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. 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. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. We have the saying: You eat what you kill. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. He covers the Asia Pacific region and is based in Singapore. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. MELPOMENE: Why did you decide to strike out on your own? David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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. Photo: Domain. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. 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. Search. 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. When the money cleared, the partners of Equis went shopping to celebrate. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Ive always worked long hours and that hasnt changed. But he also told me theres no law stating that you cant act unreasonably [laughs]. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. He has also written two books. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? David is also the founder and Chairman of the CSS Foundation, which is focused on supporting vulnerable parents and children in Australia, Russia, and the Philippines. David is also . Credit:Jason South. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. In the battery sector, the prices are falling but their performance is improving. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. MELPOMENE: Large corporations are almost inevitably hierarchical. So by removing the glass ceiling, we dont lose our senior people as we grow. Its a matter of how theyll be utilised. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 2023 Tatler Asia Limited. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Hartford, Connecticut, United States. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. DAVID: Its definitely not who you know. They are part of C-Suite Department and their management level is C-Level. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Employ over 400 people during the construction phase. All rights reserved. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. She wasnt joking. All rights reserved. Theres a whole bunch of things on there that I really dont want to do [laughs]. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. When I left my previous employer, I didnt realize how risky it actually was. Copyright 2023 Brighton Grammar School. But what has changed is the level of desperation applied to the business when its your own. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 DAVID: They worked hard. Were a lot happier not only making money but also making a difference. 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. 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. Ltd. We may no longer need to build big cathedral type power facilities and expensive distribution systems. You connect it to the building, charge it up, and take it home to generate electricity for your house. We also bought businesses, made them better and sold them off. 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: They went silent because you left Macquarie? Co-Founder, Managing Director. 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? CRICOS Provider Code: 00132K. Craig Marsh settled upon a black McLaren with carbon-fibre trims. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? At work, I am direct with people and I encourage them to be the same with me. Another guest wore a blazer bearing an Order of Australia gong on their lapel. DAVID: Absolutely. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Empower. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. 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: Technology and mindsets are evolving rapidly. 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 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. 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. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. 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 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. Its not just gratuitous giving. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. But her kids thought he was a phoney. But to get to a certain point you have to think forward and consider all the paths and possibilities. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Monash University. Greater Newcastle Area. 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Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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. Will Others Follow? But what were we adding back to society? MELPOMENE: How do you envision the use of renewables in ten years time? Everything comes back to the numbers. 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. Where does the fallout from the Adani crisis take India now? They used to work at Macquarie. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. There is no substitute for hard work. He has delivered assets across the Asia-Pacific. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. David Russell. Others Named David Russell. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. 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. Do you worry about that? 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. I think that helps people remain human in this business. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. 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. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne 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 ofIT entrepreneur Danny Wallis. 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 . Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. "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. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Copyright 2023 Equis Development Pte. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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.. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. If anything we are quite an introverted group, but we knew what we were talking about. While were driving for business success, we formally make a point to give back to the community. 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. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. MELPOMENE: Have you ever been forced to rethink your life? But there are a number of governments that came up with programmes to encourage investments in renewable energy. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. He led Equis development of wind and solar projects in the Philippines. Our purpose is to help current and future generations of Australians and we wont stop until we doso. The other guests in the restaurant said they had to pinch themselves. See reunion dates, update your details and give to BGS. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Musk Made a Mess at Twitter. Our locally based staff boast a strong understanding of rural and regional Australia. Were sorry, this feature is currently unavailable. DAVID: Its all relative. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. In 2011, David established Equis Energy. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Alberici vowed she would never front a TV show again after exiting the ABC. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Vignesh has over 7 years experience in infrastructure investment and development across Asia.