Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Our locally based staff boast a strong understanding of rural and regional Australia. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Where does the fallout from the Adani crisis take India now? He has delivered assets in Europe, Middle East and Australia. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Tel: +65 6220 0040, Legal Notice & Terms of Use Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Greater Newcastle Area. DAVID: Skydiving! MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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]. Others Named David Russell. 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. These people deserve to be caught and punished, but they are certainly not the norm in the industry. She wasnt joking. Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. Hartford, Connecticut, United States. 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. 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. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Our purpose is to help current and future generations of Australians and we wont stop until we doso. You can only aspire to be like them. 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 $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. As for the finance background, well, youve got to know the numbers when it comes to running a business. He has delivered assets across the Asia-Pacific. So while I was growing and being mentored, I had that slight frustration. 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 . "It was like the last supper," one onlooker said. MELPOMENE: Was your background crucial to your success? DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. David Russell That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. David is also . 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. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Co-Founder, Managing Director. We're sure the builders are observing strict social distancing protocols during stage four lockdown. 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. DAVID: Thats the million-dollar question. It could become micro power grid systems where power is generated and distributed locally. 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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.. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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? 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. Ive always worked long hours and that hasnt changed. 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 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. Apparently Pell was flanked by a number of priests. 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. We definitely know a lot of people, but this business was not built on that. 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 strategy of remaining quiet has worked well, but its now time to engage. California Weighs $360,000 in Reparations to Eligible Black Residents. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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? Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Its human to fear what you dont understand. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. DAVID: Ive watched a couple and I always cringe [laughs]. DAVID: I do. being driven to the Seminary of the Good Shepherd. MELPOMENE: Why did you decide to strike out on your own? 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Does Joo Chiat Need Another Italian Joint? 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. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. MELPOMENE: How has it been different at Equis? Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. MELPOMENE: Skadden has a terrific reputation, how was it like working there? But what were we adding back to society? This website uses cookies to improve your experience. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. We are committed and responsive to the communities we serve. Craig Marsh settled upon a black McLaren with carbon-fibre trims. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Were sorry, this feature is currently unavailable. 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 All rights reserved. Search. 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. 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. Were a lot happier not only making money but also making a difference. . David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. 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. 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. And thats very important because we now have 84 projects totaling close to 8 billion dollars. The Projects will involve a capital investment of approximately A$400 million. 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. 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 care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Were working to restore it. These governments need to grow and theyre putting in place very stable regulatory regimes. DAVID: Its all relative. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. If anything we are quite an introverted group, but we knew what we were talking about. See reunion dates, update your details and give to BGS. Its a matter of how theyll be utilised. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. If theres a physical tussle over the South China Sea, its not going to affect our facilities. Did you feel restricted by that? 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 . There are already storage systems that are very profitable, and one of them is pump storage. Over there, our local guys are empowered to identify and drive growth from bottom up. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 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. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. 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: Definitely. He led Equis development of wind and hydro projects in India. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. The company was part of reportedly the largest global renewable energy transaction in history in 2018 when its subsidiary, Equis Energy, was sold to Global Infrastructure Partners for US$5 billion. 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. MELPOMENE: Whats one thing off the top of your head? 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. 2023 Tatler Asia Limited. in Painting/ Art History from the University of Tulsa. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Interest is certainly high. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. 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. Everything comes back to the numbers. I think that helps people remain human in this business. We acknowledge that our school is on the Country of the people of the Kulin Nations. We started to participate because we saw an opportunity to make good money and invest in a growing sector. DAVID: Absolutely. That grew to be OzHarvest. Find out more. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. His thesis and work explore the . We felt that we deserved to be paid well because we were certainly working hard. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. MELPOMENE: Why did you decide to target Asian markets? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? By submitting this form, I agree to these terms and conditions. Photo: Domain. Apr 2022 - Present11 months. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. All rights reserved. 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. 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. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. "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. 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. Ltd. His work has included regulatory advice, project delivery advice, and transactional advice. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. In the battery sector, the prices are falling but their performance is improving. Congratulations to the Class of 2020, recording our best ever results. Craig Marsh settled upon a black McLaren with carbon-fibre trims. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Chris Wright is Asia editor. 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. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Athletes' ambitions don't end when they leave the field of play. 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. Senectus et netus et malesuada fames ac turpis egestas sed.
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