Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Thomas has over 20 years experience working in a range of business development and energy trading roles. DAVID: Skydiving! I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. MELPOMENE: Why did you decide to strike out on your own? Others Named David Russell. DAVID K. RUSSELL. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. People say that Asia is developing, but their frameworks are far more developed than those in Europe. His thesis and work explore the . 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. In the Philippines, for example, the government budgets ahead so that they can afford power they need. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 2023 Tatler Asia Limited. Where does the fallout from the Adani crisis take India now? 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. We definitely know a lot of people, but this business was not built on that. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. The Projects will involve a capital investment of approximately A$400 million. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. DAVID: Absolutely. We also bought businesses, made them better and sold them off. Its important to humble yourself. He has delivered assets across the Asia-Pacific. They are part of C-Suite Department and their management level is C-Level. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. DAVID: It was awesome! Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. If anything we are quite an introverted group, but we knew what we were talking about. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. Not the David Russell you were looking for? But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. We have the saying: You eat what you kill. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. 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. But what were we adding back to society? Does Joo Chiat Need Another Italian Joint? Copyright 2023 Equis Development Pte. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. 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. These people deserve to be caught and punished, but they are certainly not the norm in the industry. We acknowledge that our school is on the Country of the people of the Kulin Nations. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. We felt that we deserved to be paid well because we were certainly working hard. in Painting/ Art History from the University of Tulsa. 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. DAVID: Definitely. 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. 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 $5 billion. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. But to get to a certain point you have to think forward and consider all the paths and possibilities. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. He was far, far from perfect. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. In Asia, power has always been the number one sector to invest in, not renewable energy. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. MELPOMENE: Did your legal and finance background help you in this field? 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. "I understand now how people can love a person who does awful things. Our locally based staff boast a strong understanding of rural and regional Australia. 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. Everything comes back to the numbers. Credit:Jason South. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. DAVID: Years ago, we were just moving paper around. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Construction of the Collinsville North Solar Project is expected to commence in 2017. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. California Weighs $360,000 in Reparations to Eligible Black Residents. Shane Warne sold the Brighton mansion for about $20m in 2018. Some $1.3 billion of that was assumed liabilities, but still, it was a landmark: $3.7 billion of equity, the vast majority of it in unrestricted cash. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. We are committed and responsive to the communities we serve. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. He led Equis development of wind and solar projects in the Philippines. The firm focuses on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure, across Asia Pacific. There is no substitute for hard work. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. A good thing, no doubt. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. When the money cleared, the partners of Equis went shopping to celebrate. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Interest is certainly high. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". DAVID: I do. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. You connect it to the building, charge it up, and take it home to generate electricity for your house. Apr 2022 - Present11 months. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. DAVID: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. They had reason to celebrate. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. David Russell earned his B.F.A. in Public Practice from Otis College of Art and Design in 2011. 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Ltd. being driven to the Seminary of the Good Shepherd. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. But he also told me theres no law stating that you cant act unreasonably [laughs]. "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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. It could become micro power grid systems where power is generated and distributed locally. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. 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. 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. And thats very important because we now have 84 projects totaling close to 8 billion dollars. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Ive always worked long hours and that hasnt changed. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Equis has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station. Apparently Pell was flanked by a number of priests. 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. 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. Business isnt as aggressive as its been dramatised to be. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. But what has changed is the level of desperation applied to the business when its your own. We acknowledge that our school is on the Country of the people of the Kulin Nations. Craig Marsh settled upon a black McLaren with carbon-fibre trims. "It was like the last supper," one onlooker said. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. You can only aspire to be like them. Employ over 400 people during the construction phase. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. 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. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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. 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. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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.