DAVID: Thats the million-dollar question. But what has changed is the level of desperation applied to the business when its your own. Its not all hindsight. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . The strategy of remaining quiet has worked well, but its now time to engage. 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. Where does the fallout from the Adani crisis take India now? DAVID: My legal background helped me because it gave me discipline and an eye for detail. Another guest wore a blazer bearing an Order of Australia gong on their lapel. David Russell MELPOMENE: Why did you decide to strike out on your own? 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. 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. In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. DAVID: Its definitely not who you know. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. All rights reserved. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Equis' team brings focus, experience, passion and conviction. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. 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. Monash University. 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. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. If anything we are quite an introverted group, but we knew what we were talking about. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Home | David K. Russell Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Privacy Policy. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. David Russell - Head of Private Equity Asia and Greater China 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: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Russell received his M.F.A. About Us - Equis Development Pte. Ltd. MELPOMENE: How do you envision the use of renewables in ten years time? Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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? 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. Search. 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. 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. 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 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. 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. She wasnt joking. David Russell - Oakland, California, United States - LinkedIn 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. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. He covers the Asia Pacific region and is based in Singapore. 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. Its not just gratuitous giving. We acknowledge that our school is on the Country of the people of the Kulin Nations. But he also told me theres no law stating that you cant act unreasonably [laughs]. 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. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. He has delivered assets in Europe, Middle East and Australia. 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. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. DAVID: They worked hard. All rights reserved. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Copyright 2023 Brighton Grammar School. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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]. He led Equis development of wind and hydro projects in India. Its a matter of how theyll be utilised. Interest is certainly high. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Craig Marsh settled upon a black McLaren with carbon-fibre trims. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. 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.. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. MELPOMENE: Has ownership changed your motivation towards work? 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. 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. It could become micro power grid systems where power is generated and distributed locally. But to get to a certain point you have to think forward and consider all the paths and possibilities. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Were a lot happier not only making money but also making a difference. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. David Russell VZIO stock SEC Form 4 insiders trading David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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That deal was a second innings for the spin bowler. 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. There is no substitute for hard work. DAVID: Technology and mindsets are evolving rapidly. 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. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. When I left my previous employer, I didnt realize how risky it actually was. 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. 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 . David Russell is buying the real estate dream | The Australian 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. 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. Not the David Russell you were looking for? Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. And guess who was right? Congratulations to the Class of 2020, recording our best ever results. David Russell Full Name: David Charles Russell Company: Equis Pte. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. DAVID: Theres an element of that. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. David Russell | Sad Business School They had reason to celebrate. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. David Russell. DAVID: Definitely. 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. DAVID: Absolutely. 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. Please try again later. 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? I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? See reunion dates, update your details and give to BGS. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia.