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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. These governments need to grow and theyre putting in place very stable regulatory regimes. In 1998, David joined Macquarie Group, where he spent 12 years. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. The other guests in the restaurant said they had to pinch themselves. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. 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. We felt that we deserved to be paid well because we were certainly working hard. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. 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: Theres an element of that. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. Its interesting how that has come full circle. 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. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. But to get to a certain point you have to think forward and consider all the paths and possibilities. David is also . In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. DAVID: Definitely. He covers the Asia Pacific region and is based in Singapore. Where does the fallout from the Adani crisis take India now? While were driving for business success, we formally make a point to give back to the community. Apr 2022 - Present11 months. Consequat id porta nibh. 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 $4 million, also slated for redevelopment. Copyright 2023 Brighton Grammar School. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. 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. When the money cleared, the partners of Equis went shopping to celebrate. 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. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Employ over 400 people during the construction phase. Chris Wright is Asia editor. MELPOMENE: How do you envision the use of renewables in ten years time? Prior to joining Equis, Liz held planning and permitting roles at Goldwind. That deal was a second innings for the spin bowler. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. MELPOMENE: Why did you decide to strike out on your own? "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Another guest wore a blazer bearing an Order of Australia gong on their lapel. Monash University. Copyright 2023 Equis Development Pte. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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 Asia, power has always been the number one sector to invest in, not renewable energy. Alberici vowed she would never front a TV show again after exiting the ABC. If anything we are quite an introverted group, but we knew what we were talking about. 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. Marshs spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. Its not all hindsight. They are part of C-Suite Department and their management level is C-Level. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 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. 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. They had reason to celebrate. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Ltd. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Were a lot happier not only making money but also making a difference. Alberici's new gig is chief strategy government relations and communications officer. In 2011, David established Equis Energy. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". 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%. David Russell earned his B.F.A. All rights reserved. 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. Business isnt as aggressive as its been dramatised to be. Our locally based staff boast a strong understanding of rural and regional Australia. 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 David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Our purpose is to help current and future generations of Australians and we wont stop until we doso. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. Its important to humble yourself. Construction of the Collinsville North Solar Project is expected to commence in 2017. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. California Weighs $360,000 in Reparations to Eligible Black Residents. 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 think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. There are already storage systems that are very profitable, and one of them is pump storage. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Youre right at the table with them as a trusted advisor. She wasnt joking. Called the Lady E, it's available to charter for a cool $767,840 a week. Not the David Russell you were looking for? Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Vignesh has over 7 years experience in infrastructure investment and development across Asia. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. We acknowledge that our school is on the Country of the people of the Kulin Nations. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? DAVID: Skydiving! We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. He led Equis development of wind and hydro projects in India. 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. 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. You can only aspire to be like them. . 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). DAVID: It was awesome! Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? This website uses cookies to improve your experience.