David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. Were sorry, this feature is currently unavailable. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain 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. 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: Theres an element of that. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. A good thing, no doubt. If anything we are quite an introverted group, but we knew what we were talking about. MELPOMENE: Why did you decide to strike out on your own? The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. They had reason to celebrate. 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. He was charming and once flew her to Hong Kong for dinner. Emma Alberici has landed a new gig, and, as promised, it's not on TV. Construction of the Collinsville North Solar Project is expected to commence in 2017. 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. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. 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, 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 | Tatler Asia Equis awarded Taiwan's largest solar project at 70MW - PV Tech Apr 2022 - Present11 months. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Russell received his M.F.A. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. 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]. When I left my previous employer, I didnt realize how risky it actually was. But he also told me theres no law stating that you cant act unreasonably [laughs]. Do you worry about that? MELPOMENE: Large corporations are almost inevitably hierarchical. Will Others Follow? 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. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. But to get to a certain point you have to think forward and consider all the paths and possibilities. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. We have the saying: You eat what you kill. Ltd. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. The strategy of remaining quiet has worked well, but its now time to engage. 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. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com 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 Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. 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. And guess who was right? Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar Congratulations to the Class of 2020, recording our best ever results. Alberici's new gig is chief strategy government relations and communications officer. David Eugene Russell Net Worth (2023) | wallmine MELPOMENE: Was your background crucial to your success? Craig Marsh settled upon a black McLaren with carbon-fibre trims. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Senectus et netus et malesuada fames ac turpis egestas sed. 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. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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. Its a matter of how theyll be utilised. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Find contact details for 700 million professionals. Musk Made a Mess at Twitter. 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 then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT When I started out of university, my peer group worked really hard and they were more dedicated. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. Others Named David Russell. In 2011, David established Equis Energy. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. He covers the Asia Pacific region and is based in Singapore. His thesis and work explore the . MELPOMENE: Skadden has a terrific reputation, how was it like working there? Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. Our People - equis.com.au 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? MELPOMENE: Is what you know or who you know more important? Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Its interesting how that has come full circle. David Russell - Crunchbase Person Profile Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. CRICOS Provider Code: 00132K. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. David Russell - Brighton Grammar: Leading Private School | Boys' School There is no substitute for hard work. 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. Athletes' ambitions don't end when they leave the field of play. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. DAVID: Ive watched a couple and I always cringe [laughs]. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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. Its not all hindsight. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. David Russell Archives - Saving with Solar Craig Marsh settled upon a black McLaren with carbon-fibre trims. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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 currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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 . He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. You connect it to the building, charge it up, and take it home to generate electricity for your house. Thomas has over 20 years experience working in a range of business development and energy trading roles. Shane Warne sold the Brighton mansion for about $20m in 2018. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Private equity: The inside story of Equis and its partners' $800 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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 . Please try again later. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. MELPOMENE: Do you think that giving people ownership is the way to motivate them? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Where does the fallout from the Adani crisis take India now? In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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. You can only aspire to be like them. 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. 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? David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. They had reason to celebrate. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. DAVID: They worked hard. They are part of C-Suite Department and their management level is C-Level. He has delivered assets in Europe, Middle East and Australia. 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. 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. being driven to the Seminary of the Good Shepherd. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. MELPOMENE: They went silent because you left Macquarie? 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: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? MELPOMENE: How do you envision the use of renewables in ten years time? Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? When the money cleared, the partners of Equis went shopping to celebrate. It could become micro power grid systems where power is generated and distributed locally. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. Ltd. Its important to humble yourself. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Its not just gratuitous giving. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Were a lot happier not only making money but also making a difference. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. MELPOMENE: Have you ever been forced to rethink your life? 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. 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. Apparently Pell was flanked by a number of priests. Secondly, hierarchical environments create ceilings and politics. 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. David Russell - Director, Technology Practices and Standards - LinkedIn 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. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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: We have that in our business model by having compensation tied to the performance of the business through carried interest. DAVID: Definitely. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. See reunion dates, update your details and give to BGS. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. "It was like the last supper," one onlooker said. DAVID: It was awesome! David Russell - Oakland, California, United States - LinkedIn That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. He has delivered assets across the Asia-Pacific. 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.. Our locally based staff boast a strong understanding of rural and regional Australia. These governments need to grow and theyre putting in place very stable regulatory regimes. 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. 2023 Tatler Asia Limited. 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. Were working to restore it. Equis becomes owner of USD-1.3 bn battery project in Victoria We acknowledge that our school is on the Country of the people of the Kulin Nations. We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. 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. David Russell 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. Kahn thought Anton was like Cary Grant. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. David Russell, Equis Funds Group: Profile and Biography Equis' team brings focus, experience, passion and conviction. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Monash University. Alberici starts on Monday. That deal was a second innings for the spin bowler. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. 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. By submitting this form, I agree to these terms and conditions. We definitely know a lot of people, but this business was not built on that. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Search. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Youre right at the table with them as a trusted advisor. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. He has also written two books. 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. All rights reserved. The other guests in the restaurant said they had to pinch themselves. In the battery sector, the prices are falling but their performance is improving. Did you feel restricted by that? Not the David Russell you were looking for? Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Copyright 2023 Brighton Grammar School. But what has changed is the level of desperation applied to the business when its your own. Alberici vowed she would never front a TV show again after exiting the ABC.