Lady E: David Russell's birthday bash gets Brighton - Heraldsun Copyright 2023 Brighton Grammar School. Equis Commissions Additional 5 MW of Solar Projects in Taiwan At work, I am direct with people and I encourage them to be the same with me. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. And guess who was right? MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? He was charming and once flew her to Hong Kong for dinner. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. But there are a number of governments that came up with programmes to encourage investments in renewable energy. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 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. David Russell Archives - Saving with Solar 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. Copyright 2023 Equis Development Pte. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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 attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. Ive always worked long hours and that hasnt changed. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. They are part of C-Suite Department and their management level is C-Level. 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? 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 Full Name: David Charles Russell Company: Equis Pte. DAVID: Thats the million-dollar question. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Credit:Jason South. 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. As Asias largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the worlds fastestgrowing renewable energy market., Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. 2023 Tatler Asia Limited. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. MELPOMENE: Is what you know or who you know more important? 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. 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. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. David Russell earned his B.F.A. MELPOMENE: Whats one thing off the top of your head? 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. 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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? But there are a number of governments that came up with programmes to encourage investments in renewable energy. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. DAVID: Absolutely. Ltd. But what has changed is the level of desperation applied to the business when its your own. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. MELPOMENE: Has ownership changed your motivation towards work? "It was like the last supper," one onlooker said. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Those inside the restaurant overheard the dinner was held to mark his release from jail. Another guest wore a blazer bearing an Order of Australia gong on their lapel. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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. Ltd. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Private equity: The inside story of Equis and its partners' $800 DAVID K. 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. But her kids thought he was a phoney. She wasnt joking. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. DAVID: Years ago, we were just moving paper around. David Russell 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. 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. MELPOMENE: How has it been different at Equis? That grew to be OzHarvest. 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. Employ over 400 people during the construction phase. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. 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. 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 Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. in Public Practice from Otis College of Art and Design in 2011. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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? MELPOMENE: Do you ever watch popular films that depict the financial industry? That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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: Technology and mindsets are evolving rapidly. Our purpose is to help current and future generations of Australians and we wont stop until we doso. MELPOMENE: The project developers dont have the discretion to make decisions locally? But what were we adding back to society? China Equities: Yesterdays Story or More Compelling Than Ever? There is no substitute for hard work. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. We definitely know a lot of people, but this business was not built on that. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. MELPOMENE: Why did you decide to strike out on your own? David is also the founder and Chairman of the CSS Foundation, which is focused on supporting vulnerable parents and children in Australia, Russia, and the Philippines. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Not the David Russell you were looking for? 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. If anything we are quite an introverted group, but we knew what we were talking about. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. 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. 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. 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. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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.. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. David is also . One George Street, Singapore 049145 When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. In the battery sector, the prices are falling but their performance is improving. David Russell email address & phone number | Equis Chief Executive Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. 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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. 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. His work has included regulatory advice, project delivery advice, and transactional advice. They had reason to celebrate. 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. The other guests in the restaurant said they had to pinch themselves. 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. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. DAVID: It was awesome! Its interesting how that has come full circle. MELPOMENE: Did your legal and finance background help you in this field? 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. 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 . So while I was growing and being mentored, I had that slight frustration. Empower. 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. 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. Consequat id porta nibh. David Russell - Oakland, California, United States - LinkedIn The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. . Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. He has delivered assets in Europe, Middle East and Australia. 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. 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 MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. DAVID: My legal background helped me because it gave me discipline and an eye for detail. Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Congratulations to the Class of 2020, recording our best ever results. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. There are already storage systems that are very profitable, and one of them is pump storage. I think that helps people remain human in this business. Equis Expands into Australia with Two Large Solar Projects It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. MELPOMENE: Why did you decide to target Asian markets? His thesis and work explore the . He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. We have the saying: You eat what you kill. Hartford, Connecticut, United States. Were a lot happier not only making money but also making a difference. David Russell | Sad Business School David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. MELPOMENE: They went silent because you left Macquarie? Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. He led Equis development of wind and hydro projects in India. 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. But to get to a certain point you have to think forward and consider all the paths and possibilities. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Will His AI Plans Be Any Different? David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo 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. These governments need to grow and theyre putting in place very stable regulatory regimes. 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. 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 has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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. Construction of the Collinsville North Solar Project is expected to commence in 2017. David Eugene Russell Net Worth (2023) | wallmine Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Find contact details for 700 million professionals. In Asia, power has always been the number one sector to invest in, not renewable energy. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age By submitting this form, I agree to these terms and conditions. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. David Russell, Equis Funds Group: Profile and Biography We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power.

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