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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. Employ over 400 people during the construction phase. When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. In Asia, power has always been the number one sector to invest in, not renewable energy. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Supply the annual power needs of 63,165 homes. MELPOMENE: How do you envision the use of renewables in ten years time? 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 . MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? A good thing, no doubt. Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. Yes, Only if Its Forma. MELPOMENE: Whats one thing off the top of your head? He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. If anything we are quite an introverted group, but we knew what we were talking about. 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. Does Joo Chiat Need Another Italian Joint? In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. Home | David K. Russell 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. 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. 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. 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: Technology and mindsets are evolving rapidly. Pell, according to CBD spies, was seated at the middle of a long table, with about a dozen people, and knew some of the guests at smaller tables flanking the high table. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. MELPOMENE: Do you ever watch popular films that depict the financial industry? 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. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. You can only aspire to be like them. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Emma Alberici has landed a new gig, and, as promised, it's not on TV. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Called the Lady E, it's available to charter for a cool $767,840 a week. The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. 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. David Russell Investments, Australia & New Zealand Equis since 2010 Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity Kahn is frank in the book, telling a painful story about a former American boyfriend she calls Anton whom she dated after her marriage broke down. Will Others Follow? being driven to the Seminary of the Good Shepherd. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. DAVID: Thats the million-dollar question. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. Lady E: David Russell's birthday bash gets Brighton - Heraldsun Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. 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. They are part of C-Suite Department and their management level is C-Level. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Congratulations to the Class of 2020, recording our best ever results. DAVID K. RUSSELL. 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]. 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. Apparently Pell was flanked by a number of priests. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. But her kids thought he was a phoney. David Russell - Equis Development Pte. Ltd. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. The strategy of remaining quiet has worked well, but its now time to engage. It could become micro power grid systems where power is generated and distributed locally. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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.. 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. David Russell earned his B.F.A. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Kahn thought Anton was like Cary Grant. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. He led Equis development of wind and solar projects in the Philippines. 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. 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. David Russell. 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. We also bought businesses, made them better and sold them off. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Equis Expands into Australia with Two Large Solar Projects The other guests in the restaurant said they had to pinch themselves. Alberici vowed she would never front a TV show again after exiting the ABC. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. We acknowledge that our school is on the Country of the people of the Kulin Nations. While were driving for business success, we formally make a point to give back to the community. 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. David Russell | Sad Business School MELPOMENE: Has ownership changed your motivation towards work? Ive always worked long hours and that hasnt changed. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). Hartford, Connecticut, United States. You connect it to the building, charge it up, and take it home to generate electricity for your house. 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. 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. So by removing the glass ceiling, we dont lose our senior people as we grow. Several months earlier a consortium led by Global Infrastructure Partners (GIP), with partners including the China Investment Corporation sovereign wealth fund, had agreed to buy the renewable energy asset portfolio of Equis, a Singapore-headquartered independent infrastructure asset manager, for $5 billion. While were driving for business success, we formally make a point to give back to the community. Photo: Domain. All rights reserved. Secondly, hierarchical environments create ceilings and politics. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Ltd. 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. 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. They had reason to celebrate. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Interest is certainly high. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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People start thinking that these are the bad guys, but based on my experience, its not the case. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? We definitely know a lot of people, but this business was not built on that. They used to work at Macquarie. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. See reunion dates, update your details and give to BGS. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. in Painting/ Art History from the University of Tulsa. Its a matter of how theyll be utilised. 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%. 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. By submitting this form, I agree to these terms and conditions. Empower. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. MELPOMENE: Have you ever been forced to rethink your life? Thomas has over 20 years experience working in a range of business development and energy trading roles. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Once I became nobody, a lot of those people actually went silent. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Our locally based staff boast a strong understanding of rural and regional Australia. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. 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. 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. His thesis and work explore the . MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? So while I was growing and being mentored, I had that slight frustration. He was charming and once flew her to Hong Kong for dinner. "I understand now how people can love a person who does awful things. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Those inside the restaurant overheard the dinner was held to mark his release from jail. All rights reserved. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. If theres a physical tussle over the South China Sea, its not going to affect our facilities. As for the finance background, well, youve got to know the numbers when it comes to running a business. He was far, far from perfect. 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. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain We are committed and responsive to the communities we serve. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. In the battery sector, the prices are falling but their performance is improving. DAVID: Skydiving! He has delivered assets in Europe, Middle East and Australia. 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Shane Warne's former pad gets new $5.9m spin from Brighton - The Age The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Its not all hindsight. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. David Russell, Equis Funds Group: Profile and Biography Chris Wright is Asia editor. Business isnt as aggressive as its been dramatised to be. Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. 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. His work has included regulatory advice, project delivery advice, and transactional advice. Private equity: The inside story of Equis and its partners' $800 Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Russell received his M.F.A. But to get to a certain point you have to think forward and consider all the paths and possibilities.
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