Ltd. Yes, Only if Its Forma. Co-Founder, Managing Director. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. They had reason to celebrate. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Will Others Follow? We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. David Russell earned his B.F.A. If anything we are quite an introverted group, but we knew what we were talking about. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Congratulations to the Class of 2020, recording our best ever results. Its not all hindsight. 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? Athletes' ambitions don't end when they leave the field of play. 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. Thats a real problem with succession planning because you might lose the person you really want to keep because theyre frustrated at the lack of opportunities to grow. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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 Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Its not just gratuitous giving. Shane Warne sold the Brighton mansion for about $20m in 2018. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Its human to fear what you dont understand. DAVID: Technology and mindsets are evolving rapidly. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. But what were we adding back to society? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 And guess who was right? The Projects will involve a capital investment of approximately A$400 million. We acknowledge that our school is on the Country of the people of the Kulin Nations. Vignesh has over 7 years experience in infrastructure investment and development across Asia. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. 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. 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. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. I think that helps people remain human in this business. Alberici starts on Monday. 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. 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. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. 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. 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. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. 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. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] That deal was a second innings for the spin bowler. 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. [email protected] 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? But what has changed is the level of desperation applied to the business when its your own. Were working to restore it. But most importantly, if you want to be successful, youll have to work hard. 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. One George Street, Singapore 049145 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. When I started out of university, my peer group worked really hard and they were more dedicated. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Over there, our local guys are empowered to identify and drive growth from bottom up. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Empower. 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. It works better for senior management, while the junior staff is more interested in salary and annual bonuses rather than something that could be paid out 5 or 10 years later. DAVID: My legal background helped me because it gave me discipline and an eye for detail. There is no substitute for hard work. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. MELPOMENE: Do you ever watch popular films that depict the financial industry? Another guest wore a blazer bearing an Order of Australia gong on their lapel. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Search. He led Equis development of wind and solar projects in the Philippines. David is also . DAVID: I do. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Photo: Domain. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. When I left my previous employer, I didnt realize how risky it actually was. DAVID: Ive watched a couple and I always cringe [laughs]. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. CRICOS Provider Code: 00132K. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. You connect it to the building, charge it up, and take it home to generate electricity for your house. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. 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. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? DAVID: Definitely. Apparently Pell was flanked by a number of priests. 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. There are already storage systems that are very profitable, and one of them is pump storage. 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. "It was like the last supper," one onlooker said. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. MELPOMENE: Is what you know or who you know more important? These governments need to grow and theyre putting in place very stable regulatory regimes. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Musk Made a Mess at Twitter. As for the finance background, well, youve got to know the numbers when it comes to running a business. Consequat id porta nibh. "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. He has also written two books. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. Interest is certainly high. We felt that we deserved to be paid well because we were certainly working hard. 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. Business isnt as aggressive as its been dramatised to be. Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. Supply the annual power needs of 63,165 homes. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. We have the saying: You eat what you kill. 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 strategy of remaining quiet has worked well, but its now time to engage. But he also told me theres no law stating that you cant act unreasonably [laughs]. Find out more. 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. DAVID: Theres an element of that. MELPOMENE: Was your background crucial to your success? 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. 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 $14.25m, 18 months before selling it to the Russells. We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. Ive always worked long hours and that hasnt changed. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? We're sure the builders are observing strict social distancing protocols during stage four lockdown. Equis has signed a Power Purchase Agreement (PPA) with Snowy Hydro Limited (Snowy Hydro) for a 100MWAC solar project located near Tailem Bend, South Australia (Tailem Bend Solar Project), which will be constructed alongside a Snowy Hydro owned 28.8MWAC diesel-fired power station. Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Find contact details for 700 million professionals. In 1998, David joined Macquarie Group, where he spent 12 years. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Not the David Russell you were looking for? Its important to humble yourself. Apr 2022 - Present11 months. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. So by removing the glass ceiling, we dont lose our senior people as we grow. 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. DAVID: Absolutely. 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. Employ over 400 people during the construction phase. 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. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. 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. 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: I am always trying to take on more responsibility or have more control over what Im doing. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. See our. It could become micro power grid systems where power is generated and distributed locally. DAVID: Years ago, we were just moving paper around. 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. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market That grew to be OzHarvest. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. MELPOMENE: Whats one thing off the top of your head? MELPOMENE: Why did you decide to strike out on your own? David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . 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 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Privacy Policy. 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. By submitting this form, I agree to these terms and conditions. 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 . We definitely know a lot of people, but this business was not built on that. China Equities: Yesterdays Story or More Compelling Than Ever? 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Russell received his M.F.A. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. DAVID: Its definitely not who you know. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. In Asia, power has always been the number one sector to invest in, not renewable energy. DAVID K. RUSSELL. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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.
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