The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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? 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. They had reason to celebrate. 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. "I understand now how people can love a person who does awful things. Chris Wright is Asia editor. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. If anything we are quite an introverted group, but we knew what we were talking about. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? You connect it to the building, charge it up, and take it home to generate electricity for your house. 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. Co-Founder, Managing Director. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Photo: Domain. Alberici vowed she would never front a TV show again after exiting the ABC. DAVID: Ive watched a couple and I always cringe [laughs]. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Search. 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. MELPOMENE: Has ownership changed your motivation towards work? Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. MELPOMENE: Is what you know or who you know more important? In the Philippines, for example, the government budgets ahead so that they can afford power they need. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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 Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. He led Equis development of wind and hydro projects in India. 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. DAVID: Years ago, we were just moving paper around. DAVID: Skydiving! Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Does Joo Chiat Need Another Italian Joint? in Painting/ Art History from the University of Tulsa. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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 Apr 2022 - Present11 months. All rights reserved. There is no substitute for hard work. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. 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 US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. David is also . They had reason to celebrate. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Thomas has over 20 years experience working in a range of business development and energy trading roles. We started to participate because we saw an opportunity to make good money and invest in a growing sector. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. So while I was growing and being mentored, I had that slight frustration. Senectus et netus et malesuada fames ac turpis egestas sed. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Alberici's new gig is chief strategy government relations and communications officer. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. He led Equis development of wind and solar projects in the Philippines. 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. Business isnt as aggressive as its been dramatised to be. He was charming and once flew her to Hong Kong for dinner. MELPOMENE: Do you ever watch popular films that depict the financial industry? I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Craig Marsh settled upon a black McLaren with carbon-fibre trims. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Its a matter of how theyll be utilised. MELPOMENE: Was your background crucial to your success? 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. Equis' team brings focus, experience, passion and conviction. MELPOMENE: Large corporations are almost inevitably hierarchical. China Equities: Yesterdays Story or More Compelling Than Ever? Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Bibendum arcu vitae elementum curabitur vitae nunc sed velit. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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. Monash University. His thesis and work explore the . Empower. MELPOMENE: Whats one thing off the top of your head? DAVID K. RUSSELL. Its important to humble yourself. Interest is certainly high. 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. 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%. Consequat id porta nibh. David Russell, Equis Group CEO, commented, As Asias 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 Australian consumers., Mr Russell noted, By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. And thats very important because we now have 84 projects totaling close to 8 billion dollars. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. MELPOMENE: Why did you decide to target Asian markets? DAVID: I do. When I started out of university, my peer group worked really hard and they were more dedicated. Everything comes back to the numbers. 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 is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. We definitely know a lot of people, but this business was not built on that. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. We also bought businesses, made them better and sold them off. Kahn thought Anton was like Cary Grant. I think that helps people remain human in this business. In 1998, David joined Macquarie Group, where he spent 12 years. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. DAVID: Its all relative. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Yes, Only if Its Forma. 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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Please try again later. 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? The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. And guess who was right? He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. This website uses cookies to improve your experience. DAVID: Definitely. 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 $14.25m, 18 months before selling it to the Russells. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Ltd. MELPOMENE: Is it important that the work you do creates value for society? 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. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Did you feel restricted by that? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. In 2011, David established Equis Energy. He has delivered assets in Europe, Middle East and Australia. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. The strategy of remaining quiet has worked well, but its now time to engage. Find out more. MELPOMENE: Did your legal and finance background help you in this field? The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. The partners, most of them ex-Macquarie bankers, had delivered for their investors, who included some of the biggest institutional names in the world: the University of Texas/Texas A&M Investment Company (Utimco), Partners Group, Willis Towers Watson, BlackRock, JPMorgan Pension, numerous Australian superannuation funds, and others representing the Dutch, German and Malaysian state. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. 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: People dont understand the industry, its very complex and even I dont understand some parts of it. Were working to restore it. DAVID: Its definitely not who you know. Its interesting how that has come full circle. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: Skadden has a terrific reputation, how was it like working there? The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. 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. Privacy Policy. Will Others Follow? Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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 . Craig Marsh settled upon a black McLaren with carbon-fibre trims. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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 by removing the glass ceiling, we dont lose our senior people as we grow.
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