Greater Newcastle Area. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. Will His AI Plans Be Any Different? 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. See reunion dates, update your details and give to BGS. "It was like the last supper," one onlooker said. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Our locally based staff boast a strong understanding of rural and regional Australia. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. We felt that we deserved to be paid well because we were certainly working hard. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. DAVID: Thats the million-dollar question. DAVID: Technology and mindsets are evolving rapidly. Youre right at the table with them as a trusted advisor. He was far, far from perfect. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Monash University. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? DAVID: Even though Im the CEO, the decision-making is a collective process. We are committed and responsive to the communities we serve. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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 Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Consequat id porta nibh. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. MELPOMENE: They went silent because you left Macquarie? Conversations with David Russell | High Net Worth 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. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. If theres a physical tussle over the South China Sea, its not going to affect our facilities. It could become micro power grid systems where power is generated and distributed locally. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Those inside the restaurant overheard the dinner was held to mark his release from jail. DAVID: Skydiving! DAVID: They worked hard. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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. 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. Apr 2022 - Present11 months. When the money cleared, the partners of Equis went shopping to celebrate. 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. Alberici starts on Monday. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. DAVID: I do. As for the finance background, well, youve got to know the numbers when it comes to running a business. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . David Russell earned his B.F.A. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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 . DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Russell received his M.F.A. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Empower. Another guest wore a blazer bearing an Order of Australia gong on their lapel. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Equis becomes owner of USD-1.3 bn battery project in Victoria Its interesting how that has come full circle. When I left my previous employer, I didnt realize how risky it actually was. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. MELPOMENE: Is it important that the work you do creates value for society? Tel: +65 6220 0040, Legal Notice & Terms of Use The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. David Russell - Crunchbase Person Profile Private equity: The inside story of Equis and its partners' $800 Its important to humble yourself. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Equis to Develop 1,000 MW Solar Project in Queensland, Australia He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Lady E: David Russell's birthday bash gets Brighton - Heraldsun MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. That grew to be OzHarvest. 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. 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. MELPOMENE: Was your background crucial to your success? 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. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. MELPOMENE: Whats one thing off the top of your head? But there are a number of governments that came up with programmes to encourage investments in renewable energy. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. DAVID K. RUSSELL. MELPOMENE: Why did you decide to strike out on your own? Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. David Russell email address & phone number | Equis Chief Executive Home | David K. Russell And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. 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. There is no substitute for hard work. 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, Equis Funds Group: Profile and Biography EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. DAVID: It was awesome! Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. Will Others Follow? David Russell Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Where does the fallout from the Adani crisis take India now? 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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. Apparently Pell was flanked by a number of priests. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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? Alberici's new gig is chief strategy government relations and communications officer. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. In the battery sector, the prices are falling but their performance is improving. 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. 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 Public Practice from Otis College of Art and Design in 2011. 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. Were sorry, this feature is currently unavailable. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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.