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David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. Ive always worked long hours and that hasnt changed. 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. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. So while I was growing and being mentored, I had that slight frustration. 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. 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. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? DAVID: Years ago, we were just moving paper around. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Were working to restore it. But there are a number of governments that came up with programmes to encourage investments in renewable energy. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. In 2011, David established Equis Energy. At work, I am direct with people and I encourage them to be the same with me. MELPOMENE: Was your background crucial to your success? Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. One George Street, Singapore 049145 Vignesh has over 7 years experience in infrastructure investment and development across Asia. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. But what has changed is the level of desperation applied to the business when its your own. MELPOMENE: Whats one thing off the top of your head? 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. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . We have the saying: You eat what you kill. Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. 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. Ltd. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Business isnt as aggressive as its been dramatised to be. 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. Consequat id porta nibh. 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. 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. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? Equis' team brings focus, experience, passion and conviction. Copyright 2023 Brighton Grammar School. DAVID: Definitely. 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In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Find out more. 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 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. In contrast, if you look at Spain, the government gave concessions to the developers but re-regulated when they realised they couldnt afford to buy power. Its important to humble yourself. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. But most importantly, if you want to be successful, youll have to work hard. being driven to the Seminary of the Good Shepherd. Russell received his M.F.A. Tel: +65 6220 0040, Legal Notice & Terms of Use And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Were a lot happier not only making money but also making a difference. 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. Marshs spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. A good thing, no doubt. MELPOMENE: The project developers dont have the discretion to make decisions locally? Congratulations to the Class of 2020, recording our best ever results. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. And guess who was right? He has delivered assets across the Asia-Pacific. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. He led Equis development of wind and hydro projects in India. MELPOMENE: Is what you know or who you know more important? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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). 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. 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 Interest is certainly high. Its a matter of how theyll be utilised. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. They had reason to celebrate. It could become micro power grid systems where power is generated and distributed locally. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. Will Others Follow? 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.. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. MELPOMENE: Have you ever been forced to rethink your life? An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. 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. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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. 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 . 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. She wasnt joking. 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. Credit:Jason South. Empower. There are already storage systems that are very profitable, and one of them is pump storage. 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. 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. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. David Russell David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. DAVID: Theres an element of that. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. CRICOS Provider Code: 00132K. Does Joo Chiat Need Another Italian Joint? Where does the fallout from the Adani crisis take India now? While were driving for business success, we formally make a point to give back to the community. 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. Athletes' ambitions don't end when they leave the field of play. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. 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. 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. Once I became nobody, a lot of those people actually went silent. Please try again later. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Copyright 2023 Equis Development Pte. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Will His AI Plans Be Any Different? See our. 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. 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. The Projects will involve a capital investment of approximately A$400 million. 2023 Tatler Asia Limited. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. He led Equis development of wind and solar projects in the Philippines. We acknowledge that our school is on the Country of the people of the Kulin Nations. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Its interesting how that has come full circle. 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 $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. His work has included regulatory advice, project delivery advice, and transactional advice. Over there, our local guys are empowered to identify and drive growth from bottom up. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. Greater Newcastle Area. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. When I left my previous employer, I didnt realize how risky it actually was. DAVID: Thats the million-dollar question. "I understand now how people can love a person who does awful things. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Chris Wright is Asia editor. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. 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. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. MELPOMENE: Large corporations are almost inevitably hierarchical. "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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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? Apparently Pell was flanked by a number of priests. 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. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. That grew to be OzHarvest. 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.