david russell, equis

", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. They had reason to celebrate. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Equis' team brings focus, experience, passion and conviction. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. 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. 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: Thats the million-dollar question. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. His thesis and work explore the . He led Equis development of wind and solar projects in the Philippines. 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. All rights reserved. DAVID: My legal background helped me because it gave me discipline and an eye for detail. Its not just gratuitous giving. In the Philippines, for example, the government budgets ahead so that they can afford power they need. DAVID: Absolutely. 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 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. Chris Wright is Asia editor. 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. So while I was growing and being mentored, I had that slight frustration. MELPOMENE: How has it been different at Equis? In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. 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. David Russell. When the money cleared, the partners of Equis went shopping to celebrate. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Greater Newcastle Area. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Everything comes back to the numbers. MELPOMENE: Was your background crucial to your success? Not the David Russell you were looking for? Prior to joining Equis, Liz held planning and permitting roles at Goldwind. If anything we are quite an introverted group, but we knew what we were talking about. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. being driven to the Seminary of the Good Shepherd. 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.. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. 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. Credit:Jason South. Tel: +65 6220 0040, Legal Notice & Terms of Use 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: They worked hard. MELPOMENE: They went silent because you left Macquarie? 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. Musk Made a Mess at Twitter. Ltd. Supply the annual power needs of 63,165 homes. Please try again later. 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%. Yes, Only if Its Forma. 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. [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. But her kids thought he was a phoney. While were driving for business success, we formally make a point to give back to the community. This website uses cookies to improve your experience. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 MELPOMENE: Skadden has a terrific reputation, how was it like working there? Business isnt as aggressive as its been dramatised to be. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. There are already storage systems that are very profitable, and one of them is pump storage. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 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. "I understand now how people can love a person who does awful things. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. DAVID: Skydiving! Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Do you worry about that? The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Its interesting how that has come full circle. 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. 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. China Equities: Yesterdays Story or More Compelling Than Ever? 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Russell received his M.F.A. 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. See our. 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. 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. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. Apparently Pell was flanked by a number of priests. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). All rights reserved. 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. That grew to be OzHarvest. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. He has also written two books. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. Its important to humble yourself. 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? 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. 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. It could become micro power grid systems where power is generated and distributed locally. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. We are committed and responsive to the communities we serve. As for the finance background, well, youve got to know the numbers when it comes to running a business. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? MELPOMENE: Do you ever watch popular films that depict the financial industry? DAVID: Ive watched a couple and I always cringe [laughs]. MELPOMENE: Large corporations are almost inevitably hierarchical. 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. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? We started to participate because we saw an opportunity to make good money and invest in a growing sector. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Co-Founder, Managing Director. 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. 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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. DAVID: Its definitely not who you know. You can only aspire to be like them. 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? "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. Where does the fallout from the Adani crisis take India now? 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. 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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 . 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. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. But to get to a certain point you have to think forward and consider all the paths and possibilities. I think that helps people remain human in this business. 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 is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. And guess who was right? 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. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Does Joo Chiat Need Another Italian Joint? At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. 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. 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. 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. DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. Over there, our local guys are empowered to identify and drive growth from bottom up. 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. Employ over 400 people during the construction phase. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. 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. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. In the battery sector, the prices are falling but their performance is improving. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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 . The other guests in the restaurant said they had to pinch themselves. Were working to restore it. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. These people deserve to be caught and punished, but they are certainly not the norm in the industry. in Public Practice from Otis College of Art and Design in 2011. Its human to fear what you dont understand. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. The strategy of remaining quiet has worked well, but its now time to engage. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. Did you feel restricted by that? 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.

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