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. Supply the annual power needs of 63,165 homes. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Those inside the restaurant overheard the dinner was held to mark his release from jail. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Did you feel restricted by that? 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. Chris Wright is Asia editor. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Apr 2022 - Present11 months. MELPOMENE: How do you envision the use of renewables in ten years time? . Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. You connect it to the building, charge it up, and take it home to generate electricity for your house. 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.. Not the David Russell you were looking for? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: Skydiving! MELPOMENE: They went silent because you left Macquarie? 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. David Russell VZIO stock SEC Form 4 insiders trading She wasnt joking. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. Credit:Jason South. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. Hartford, Connecticut, United States. DAVID: Definitely. 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. 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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? Do you worry about that? In the Philippines, for example, the government budgets ahead so that they can afford power they need. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. 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 $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. Empower. 2023 High Net Worth All rights reserved. As for the finance background, well, youve got to know the numbers when it comes to running a business. Were sorry, this feature is currently unavailable. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. 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. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. MELPOMENE: Why did you decide to strike out on your own? Construction of the Collinsville North Solar Project is expected to commence in 2017. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Does Joo Chiat Need Another Italian Joint? 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. DAVID: They worked hard. Copyright 2023 Brighton Grammar School. 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 When I started out of university, my peer group worked really hard and they were more dedicated. See reunion dates, update your details and give to BGS. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. They used to work at Macquarie. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. At work, I am direct with people and I encourage them to be the same with me. 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: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? DAVID: Its all relative. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. DAVID: Years ago, we were just moving paper around. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Monash University. We acknowledge that our school is on the Country of the people of the Kulin Nations. Photo: Domain. Its important to humble yourself. Apparently Pell was flanked by a number of priests. "It was like the last supper," one onlooker said. 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. Alberici vowed she would never front a TV show again after exiting the ABC. Will His AI Plans Be Any Different? We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. All rights reserved. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. David Russell. Emma Alberici has landed a new gig, and, as promised, it's not on TV. We acknowledge that our school is on the Country of the people of the Kulin Nations. MELPOMENE: Was your background crucial to your success? 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. "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 Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. David Russell There are already storage systems that are very profitable, and one of them is pump storage. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Consequat id porta nibh. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education This website uses cookies to improve your experience. Vignesh has over 7 years experience in infrastructure investment and development across Asia. China Equities: Yesterdays Story or More Compelling Than Ever? 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 . David Russell Full Name: David Charles Russell Company: Equis Pte. Once I became nobody, a lot of those people actually went silent. 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. 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. While were driving for business success, we formally make a point to give back to the community. 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 have the saying: You eat what you kill. But he also told me theres no law stating that you cant act unreasonably [laughs]. Another guest wore a blazer bearing an Order of Australia gong on their lapel. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. There is no substitute for hard work. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. 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. 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. 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 also bought businesses, made them better and sold them off. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. If theres a physical tussle over the South China Sea, its not going to affect our facilities. 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. MELPOMENE: How has it been different at Equis? Athletes' ambitions don't end when they leave the field of play. Kahn thought Anton was like Cary Grant. The strategy of remaining quiet has worked well, but its now time to engage. 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. Privacy Policy. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. 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. 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. These governments need to grow and theyre putting in place very stable regulatory regimes. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. Employ over 400 people during the construction phase. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. They are part of C-Suite Department and their management level is C-Level. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. His thesis and work explore the . Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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%. Alberici starts on Monday. When the money cleared, the partners of Equis went shopping to celebrate. Greater Newcastle Area. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. Yes, Only if Its Forma. 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. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction.
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