Apr 2022 - Present11 months. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Copyright 2023 Brighton Grammar School. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. He has also written two books. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. In the Philippines, for example, the government budgets ahead so that they can afford power they need. Secondly, hierarchical environments create ceilings and politics. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. DAVID: Technology and mindsets are evolving rapidly. He led Equis development of wind and solar projects in the Philippines. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. They are part of C-Suite Department and their management level is C-Level. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. Ltd. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. MELPOMENE: Have you ever been forced to rethink your life? 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. David Russell VZIO stock SEC Form 4 insiders trading It could become micro power grid systems where power is generated and distributed locally. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. DAVID: Definitely. 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: It was awesome! So by removing the glass ceiling, we dont lose our senior people as we grow. Were a lot happier not only making money but also making a difference. MELPOMENE: How has it been different at Equis? David Charles Russell - Equis Pte. Ltd. - privatefunddata.com David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Equis' team brings focus, experience, passion and conviction. 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.. Not the David Russell you were looking for? And guess who was right? MELPOMENE: How do you envision the use of renewables in ten years time? 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. 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. 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. 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. 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. "It was like the last supper," one onlooker said. "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. Do you worry about that? 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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 - Head of Private Equity Asia and Greater China Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Theres a whole bunch of things on there that I really dont want to do [laughs]. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. DAVID: Ive watched a couple and I always cringe [laughs]. Please try again later. When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. They had reason to celebrate. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Congratulations to the Class of 2020, recording our best ever results. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. David is also . Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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. Its interesting how that has come full circle. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. MELPOMENE: Has ownership changed your motivation towards work? Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Our purpose is to help current and future generations of Australians and we wont stop until we doso. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Marshs spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. All rights reserved. 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? Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. MELPOMENE: Why did you decide to strike out on your own? MELPOMENE: Large corporations are almost inevitably hierarchical. 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. Business isnt as aggressive as its been dramatised to be. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. He has delivered assets across the Asia-Pacific. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 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. in Public Practice from Otis College of Art and Design in 2011. 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 $4 million, also slated for redevelopment. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. China Equities: Yesterdays Story or More Compelling Than Ever? Employ over 400 people during the construction phase. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo California Weighs $360,000 in Reparations to Eligible Black Residents. 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. Equis Expands into Australia with Two Large Solar Projects See reunion dates, update your details and give to BGS. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. Over there, our local guys are empowered to identify and drive growth from bottom up. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. By submitting this form, I agree to these terms and conditions. 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 Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Called the Lady E, it's available to charter for a cool $767,840 a week. He was far, far from perfect. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. The Projects will involve a capital investment of approximately A$400 million. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. In Asia, power has always been the number one sector to invest in, not renewable energy. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Search. 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 currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Musk Made a Mess at Twitter. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. DAVID: I do. His thesis and work explore the . This website uses cookies to improve your experience. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. If anything we are quite an introverted group, but we knew what we were talking about. David Russell, Equis Funds Group: Profile and Biography 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. When the money cleared, the partners of Equis went shopping to celebrate. 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. DAVID K. RUSSELL. MELPOMENE: Whats one thing off the top of your head? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 David Russell But most importantly, if you want to be successful, youll have to work hard. 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. Supply the annual power needs of 63,165 homes. That deal was a second innings for the spin bowler. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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. . 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 Russell - Equis In the battery sector, the prices are falling but their performance is improving. MELPOMENE: Why did you decide to target Asian markets? David Russell - Director, Technology Practices and Standards - LinkedIn Its a matter of how theyll be utilised. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). DAVID: Thats the million-dollar question. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. Alberici vowed she would never front a TV show again after exiting the ABC. We have the saying: You eat what you kill. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He was charming and once flew her to Hong Kong for dinner. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. He has delivered assets in Europe, Middle East and Australia. 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. As for the finance background, well, youve got to know the numbers when it comes to running a business. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. These governments need to grow and theyre putting in place very stable regulatory regimes. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. Private equity: The inside story of Equis and its partners' $800 As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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. You can only aspire to be like them. Consequat id porta nibh. 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. Were working to restore it. Tel: +65 6220 0040, Legal Notice & Terms of Use David Russell Full Name: David Charles Russell Company: Equis Pte. There are already storage systems that are very profitable, and one of them is pump storage. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Find out more. Find contact details for 700 million professionals. Photo: Domain. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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? Home | David K. Russell DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Others Named David Russell. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. The strategy of remaining quiet has worked well, but its now time to engage. One George Street, Singapore 049145