We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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. 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. 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. Did you feel restricted by that? MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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 . That deal was a second innings for the spin bowler. Equis' team brings focus, experience, passion and conviction. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Once I became nobody, a lot of those people actually went silent. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. I think that helps people remain human in this business. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. DAVID: Theres an element of 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 DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Its interesting how that has come full circle. 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. When I started out of university, my peer group worked really hard and they were more dedicated. But most importantly, if you want to be successful, youll have to work hard. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. So while I was growing and being mentored, I had that slight frustration. 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. While were driving for business success, we formally make a point to give back to the community. 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.. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 She wasnt joking. 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. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Its important to humble yourself. Theres a whole bunch of things on there that I really dont want to do [laughs]. Were working to restore it. He led Equis development of wind and hydro projects in India. 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. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. 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. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. We are committed and responsive to the communities we serve. 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. His thesis and work explore the . Our purpose is to help current and future generations of Australians and we wont stop until we doso. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 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 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. Senectus et netus et malesuada fames ac turpis egestas sed. 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. MELPOMENE: Is it important that the work you do creates value for society? DAVID: Definitely. Were sorry, this feature is currently unavailable. A good thing, no doubt. Its a matter of how theyll be utilised. Apparently Pell was flanked by a number of priests. 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. 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. That grew to be OzHarvest. They are part of C-Suite Department and their management level is C-Level. When the money cleared, the partners of Equis went shopping to celebrate. He led Equis development of wind and solar projects in the Philippines. DAVID K. RUSSELL. But he also told me theres no law stating that you cant act unreasonably [laughs]. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. The strategy of remaining quiet has worked well, but its now time to engage. Employ over 400 people during the construction phase. Ltd. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Musk Made a Mess at Twitter. Interest is certainly high. His work has included regulatory advice, project delivery advice, and transactional advice. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. David Russell earned his B.F.A. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 2023 Tatler Asia Limited. 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, 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. He has also written two books. 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. 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 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Do you worry about that? 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. David Russell VZIO stock SEC Form 4 insiders trading DAVID: Its all relative. Others Named David Russell. 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. DAVID: They worked hard. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. MELPOMENE: How do you envision the use of renewables in ten years time? You connect it to the building, charge it up, and take it home to generate electricity for your house. By submitting this form, I agree to these terms and conditions. Alberici starts on Monday. Find contact details for 700 million professionals. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. California Weighs $360,000 in Reparations to Eligible Black Residents. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. DAVID: Even though Im the CEO, the decision-making is a collective process. "I understand now how people can love a person who does awful things. 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. 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. But what were we adding back to society? Empower. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. The Projects will involve a capital investment of approximately A$400 million. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. DAVID: Technology and mindsets are evolving rapidly. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Thomas has over 20 years experience working in a range of business development and energy trading roles. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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: 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. Secondly, hierarchical environments create ceilings and politics. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Please try again later. DAVID: Skydiving! Kahn thought Anton was like Cary Grant. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. See our. At work, I am direct with people and I encourage them to be the same with me. 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. Consequat id porta nibh. All rights reserved. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. 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. 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 $4 million, also slated for redevelopment. There are already storage systems that are very profitable, and one of them is pump storage. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. While were driving for business success, we formally make a point to give back to the community. Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. He was far, far from perfect. 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? 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. 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. We started to participate because we saw an opportunity to make good money and invest in a growing sector. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton".