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Alberici starts on Monday. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Over there, our local guys are empowered to identify and drive growth from bottom up. 2023 High Net Worth All rights reserved. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Emma Alberici has landed a new gig, and, as promised, it's not on TV. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. in Painting/ Art History from the University of Tulsa. 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. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. 2023 Tatler Asia Limited. Tel: +65 6220 0040, Legal Notice & Terms of Use Ltd. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Copyright 2023 Brighton Grammar School. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. As for the finance background, well, youve got to know the numbers when it comes to running a business. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? But most importantly, if you want to be successful, youll have to work hard. 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. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Apr 2022 - Present11 months. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. All rights reserved. If anything we are quite an introverted group, but we knew what we were talking about. MELPOMENE: Whats one thing off the top of your head? Were working to restore it. DAVID: Skydiving! 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? MELPOMENE: Large corporations are almost inevitably hierarchical. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] In 2011, David established Equis Energy. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. In 1998, David joined Macquarie Group, where he spent 12 years. 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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 As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. 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. 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. 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. 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. Find contact details for 700 million professionals. People start thinking that these are the bad guys, but based on my experience, its not the case. Not the David Russell you were looking for? 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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]. The Projects will involve a capital investment of approximately A$400 million. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. But to get to a certain point you have to think forward and consider all the paths and possibilities. Construction of the Collinsville North Solar Project is expected to commence in 2017. DAVID: Its definitely not who you know. Our locally based staff boast a strong understanding of rural and regional Australia. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Ltd. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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. 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 . 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. Its not just gratuitous giving. MELPOMENE: They went silent because you left Macquarie? Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. While were driving for business success, we formally make a point to give back to the community. 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. 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 . Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Consequat id porta nibh. 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. Its not all hindsight. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. But what has changed is the level of desperation applied to the business when its your own. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. 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, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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 tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. DAVID: Thats the million-dollar question. Did you feel restricted by that? MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. 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. The strategy of remaining quiet has worked well, but its now time to engage. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. 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. 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 . Once I became nobody, a lot of those people actually went silent. David Russell. Co-Founder, Managing Director. Congratulations to the Class of 2020, recording our best ever results. Were sorry, this feature is currently unavailable. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. MELPOMENE: Was your background crucial to your success? Alberici vowed she would never front a TV show again after exiting the ABC. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 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. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Its human to fear what you dont understand. 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. DAVID: Years ago, we were just moving paper around. Russell received his M.F.A. When I started out of university, my peer group worked really hard and they were more dedicated. 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. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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. Called the Lady E, it's available to charter for a cool $767,840 a week. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Will Others Follow? Our purpose is to help current and future generations of Australians and we wont stop until we doso. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy When the money cleared, the partners of Equis went shopping to celebrate. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. He has also written two books. 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. 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. 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. We started to participate because we saw an opportunity to make good money and invest in a growing sector. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Everything comes back to the numbers. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? In the Philippines, for example, the government budgets ahead so that they can afford power they need. Please try again later. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. DAVID: Ive watched a couple and I always cringe [laughs]. 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. Greater Newcastle Area. California Weighs $360,000 in Reparations to Eligible Black Residents. [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: Definitely. See reunion dates, update your details and give to BGS. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Youre right at the table with them as a trusted advisor. 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? 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.