When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. Did you feel restricted by that? In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. You can only aspire to be like them. 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. 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. When I started out of university, my peer group worked really hard and they were more dedicated. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com Over there, our local guys are empowered to identify and drive growth from bottom up. By submitting this form, I agree to these terms and conditions. One George Street, Singapore 049145 Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Business isnt as aggressive as its been dramatised to be. Copyright 2023 Equis Development Pte. About Us - Equis Development Pte. Ltd. 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. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market MELPOMENE: Has ownership changed your motivation towards work? DAVID: Ive watched a couple and I always cringe [laughs]. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. "It was like the last supper," one onlooker said. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Find out more. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Photo: Domain. We have the saying: You eat what you kill. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. MELPOMENE: They went silent because you left Macquarie? 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]. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. 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. 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. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. MELPOMENE: Have you ever been forced to rethink your life? 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. When I left my previous employer, I didnt realize how risky it actually was. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. They used to work at Macquarie. Empower. Its not just gratuitous giving. 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. 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 . MELPOMENE: Is what you know or who you know more important? This website uses cookies to improve your experience. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Supply the annual power needs of 63,165 homes. So by removing the glass ceiling, we dont lose our senior people as we grow. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Russell received his M.F.A. Hartford, Connecticut, United States. MELPOMENE: Did your legal and finance background help you in this field? Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. David Russell - Brighton Grammar: Leading Private School | Boys' School Apr 2022 - Present11 months. 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. 2023 Tatler Asia Limited. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. They are part of C-Suite Department and their management level is C-Level. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. David Russell | Tatler Asia 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 . Its a matter of how theyll be utilised. 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. 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. I think that helps people remain human in this business. Once I became nobody, a lot of those people actually went silent. That deal was a second innings for the spin bowler. 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. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? He covers the Asia Pacific region and is based in Singapore. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Its interesting how that has come full circle. Musk Made a Mess at Twitter. But what has changed is the level of desperation applied to the business when its your own. David Russell - Equis In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. Daniel LeeGroup Head, Corporate [email protected], Juwon ChaeGroup Head, Sustainability and Investor [email protected]. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. DAVID: Technology and mindsets are evolving rapidly. DAVID: Absolutely. MELPOMENE: How has it been different at Equis? See reunion dates, update your details and give to BGS. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Called the Lady E, it's available to charter for a cool $767,840 a week. 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 $14.25m, 18 months before selling it to the Russells. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Congratulations to the Class of 2020, recording our best ever results. One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully.. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Secondly, hierarchical environments create ceilings and politics. David Russell email address & phone number | Equis Chief Executive But there are a number of governments that came up with programmes to encourage investments in renewable energy. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David Eugene Russell Net Worth (2023) | wallmine 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%. Chris Wright is Asia editor. 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. 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 $4 million, also slated for redevelopment. He has delivered assets across the Asia-Pacific. Copyright 2023 Brighton Grammar School. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. His thesis and work explore the . We acknowledge that our school is on the Country of the people of the Kulin Nations. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. DAVID K. RUSSELL. DAVID: Definitely. Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. MELPOMENE: Large corporations are almost inevitably hierarchical. So while I was growing and being mentored, I had that slight frustration. 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. Athletes' ambitions don't end when they leave the field of play. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. But her kids thought he was a phoney. David Russell - Director, Technology Practices and Standards - LinkedIn For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. [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. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. 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. Our People - equis.com.au 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. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. "I understand now how people can love a person who does awful things. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. But he also told me theres no law stating that you cant act unreasonably [laughs]. Monash University. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. DAVID: Skydiving! Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. They had reason to celebrate. Were working to restore it. Greater Newcastle Area. MELPOMENE: Is it important that the work you do creates value for society? 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. MELPOMENE: Skadden has a terrific reputation, how was it like working there? That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. We felt that we deserved to be paid well because we were certainly working hard. 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. Shane Warne sold the Brighton mansion for about $20m in 2018. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? He led Equis development of wind and solar projects in the Philippines. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. Will Others Follow? 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. 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. Equis Commissions Additional 5 MW of Solar Projects in Taiwan I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . We're sure the builders are observing strict social distancing protocols during stage four lockdown. 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. 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. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Everything comes back to the numbers. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. David Russell - Head of Private Equity Asia and Greater China Apparently Pell was flanked by a number of priests. Private equity: The inside story of Equis and its partners' $800 being driven to the Seminary of the Good Shepherd. And guess who was right? 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. We definitely know a lot of people, but this business was not built on that. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. 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.