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Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. DAVID K. RUSSELL. 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. . We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Equis' team brings focus, experience, passion and conviction. There are already storage systems that are very profitable, and one of them is pump storage. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. 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. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? One George Street, Singapore 049145 We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. 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. 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. Others Named David Russell. 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. Kahn thought Anton was like Cary Grant. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. 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. Ive always worked long hours and that hasnt changed. Photo: Domain. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. MELPOMENE: Why did you decide to target Asian markets? Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. The Projects will involve a capital investment of approximately A$400 million. Did you feel restricted by that? Hartford, Connecticut, United States. MELPOMENE: Has ownership changed your motivation towards work? 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. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. DAVID: They worked hard. While were driving for business success, we formally make a point to give back to the community. Do you worry about that? In 1998, David joined Macquarie Group, where he spent 12 years. DAVID: Absolutely. 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? 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 . 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. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. I think that helps people remain human in this business. 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. 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? MELPOMENE: Do you ever watch popular films that depict the financial industry? Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. 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. All rights reserved. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT His work has included regulatory advice, project delivery advice, and transactional advice. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Where does the fallout from the Adani crisis take India now? She wasnt joking. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Musk Made a Mess at Twitter. DAVID: Ive watched a couple and I always cringe [laughs]. 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Please try again later. 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. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. If theres a physical tussle over the South China Sea, its not going to affect our facilities. All rights reserved. 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. 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. We felt that we deserved to be paid well because we were certainly working hard. 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. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. So while I was growing and being mentored, I had that slight frustration. Interest is certainly high. DAVID: Its all relative. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Thomas has over 20 years experience working in a range of business development and energy trading roles. MELPOMENE: Do you think that giving people ownership is the way to motivate them? A good thing, no doubt. 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. But most importantly, if you want to be successful, youll have to work hard. 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. Empower. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. 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 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Construction of the Collinsville North Solar Project is expected to commence in 2017. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. We definitely know a lot of people, but this business was not built on that. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. Does Joo Chiat Need Another Italian Joint? 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: 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%. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Were working to restore it. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. David Russell VZIO stock SEC Form 4 insiders trading David Russell Full Name: David Charles Russell Company: Equis Pte. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. Once I became nobody, a lot of those people actually went silent. Alberici starts on Monday. DAVID: Skydiving! Theres a whole bunch of things on there that I really dont want to do [laughs]. Russell received his M.F.A. 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. He was charming and once flew her to Hong Kong for dinner. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Ltd. He covers the Asia Pacific region and is based in Singapore. That grew to be OzHarvest. He led Equis development of wind and hydro projects in India. DAVID: Technology and mindsets are evolving rapidly. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 2023 High Net Worth All rights reserved. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Business isnt as aggressive as its been dramatised to be. 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. Search. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. 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. 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. Not the David Russell you were looking for? When I left my previous employer, I didnt realize how risky it actually was. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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. Our locally based staff boast a strong understanding of rural and regional Australia. There is no substitute for hard work. Over there, our local guys are empowered to identify and drive growth from bottom up. California Weighs $360,000 in Reparations to Eligible Black Residents. MELPOMENE: Large corporations are almost inevitably hierarchical. 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. Find out more. 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? My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. They used to work at Macquarie. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. 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. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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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. 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. In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. And thats very important because we now have 84 projects totaling close to 8 billion dollars. 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. 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: Years ago, we were just moving paper around. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. He was far, far from perfect. In 2011, David established Equis Energy. Vignesh has over 7 years experience in infrastructure investment and development across Asia. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. This website uses cookies to improve your experience. China Equities: Yesterdays Story or More Compelling Than Ever? "It was like the last supper," one onlooker said. Its a matter of how theyll be utilised. We are committed and responsive to the communities we serve. 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. Emma Alberici has landed a new gig, and, as promised, it's not on TV. 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. MELPOMENE: How has it been different at Equis? See our. 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. Its not all hindsight. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. While were driving for business success, we formally make a point to give back to the community. 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. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. You connect it to the building, charge it up, and take it home to generate electricity for your house. He has delivered assets across the Asia-Pacific. When I started out of university, my peer group worked really hard and they were more dedicated. 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. David is also . 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.