Over there, our local guys are empowered to identify and drive growth from bottom up. Equis becomes owner of USD-1.3 bn battery project in Victoria Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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: Definitely. 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. 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. 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. But what were we adding back to society? 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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. MELPOMENE: They went silent because you left Macquarie? But what has changed is the level of desperation applied to the business when its your own. Shane Warne sold the Brighton mansion for about $20m in 2018. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . So by removing the glass ceiling, we dont lose our senior people as we grow. Those inside the restaurant overheard the dinner was held to mark his release from jail. Others Named David Russell. It could become micro power grid systems where power is generated and distributed locally. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy We definitely know a lot of people, but this business was not built on that. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. 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David Eugene Russell Net Worth (2023) | wallmine Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. MELPOMENE: Large corporations are almost inevitably hierarchical. 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. 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. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. You connect it to the building, charge it up, and take it home to generate electricity for your house. Equis Commissioned over 400MW of Renewable Energy Projects Construction of the Collinsville North Solar Project is expected to commence in 2017. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. His work has included regulatory advice, project delivery advice, and transactional advice. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 2023 High Net Worth All rights reserved. MELPOMENE: Why did you decide to strike out on your own? 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. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Were a lot happier not only making money but also making a difference. That deal was a second innings for the spin bowler. Ive always worked long hours and that hasnt changed. 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. 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 . David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 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]. 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. 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. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . David Russell | Tatler Asia Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. 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. Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? Equis Wins Public Tender to Develop Taiwan's Largest Solar Project "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Congratulations to the Class of 2020, recording our best ever results. While were driving for business success, we formally make a point to give back to the community. Search. One George Street, Singapore 049145 But there are a number of governments that came up with programmes to encourage investments in renewable energy. Called the Lady E, it's available to charter for a cool $767,840 a week. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. We have the saying: You eat what you kill. He led Equis development of wind and hydro projects in India. See reunion dates, update your details and give to BGS. 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. They are part of C-Suite Department and their management level is C-Level. David Russell 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. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Kahn thought Anton was like Cary Grant. In the battery sector, the prices are falling but their performance is improving. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. And guess who was right? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. He has delivered assets in Europe, Middle East and Australia. 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. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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 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. 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). MELPOMENE: How do you envision the use of renewables in ten years time? MELPOMENE: Have you ever been forced to rethink your life? When I left my previous employer, I didnt realize how risky it actually was. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. 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.. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. They used to work at Macquarie. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. MELPOMENE: The project developers dont have the discretion to make decisions locally? MELPOMENE: Skadden has a terrific reputation, how was it like working there? See our. Interest is certainly high. Apr 2022 - Present11 months. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. David Russell, Equis Funds Group: Profile and Biography 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. David Russell Archives - Saving with Solar 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. Chris Wright is Asia editor. DAVID: They worked hard. David Russell - Oakland, California, United States - LinkedIn DAVID: Technology and mindsets are evolving rapidly. He was charming and once flew her to Hong Kong for dinner. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David Russell is buying the real estate dream | The Australian Were sorry, this feature is currently unavailable. As for the finance background, well, youve got to know the numbers when it comes to running a business. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. While were driving for business success, we formally make a point to give back to the community. Its human to fear what you dont understand. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. All rights reserved. Equis' team brings focus, experience, passion and conviction. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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. He has also written two books. MELPOMENE: Has ownership changed your motivation towards work? 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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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. But to get to a certain point you have to think forward and consider all the paths and possibilities. We felt that we deserved to be paid well because we were certainly working hard. 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. Credit:Jason South. DAVID: Skydiving! Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar MELPOMENE: Whats one thing off the top of your head? The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Where does the fallout from the Adani crisis take India now? DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. David Russell - Crunchbase Person Profile By submitting this form, I agree to these terms and conditions. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. MELPOMENE: Is it important that the work you do creates value for society? MELPOMENE: Is what you know or who you know more important? MELPOMENE: Did your legal and finance background help you in this field? Craig Marsh settled upon a black McLaren with carbon-fibre trims. Secondly, hierarchical environments create ceilings and politics. Conversations with David Russell | High Net Worth This website uses cookies to improve your experience. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. DAVID: It was awesome! CRICOS Provider Code: 00132K. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Its important to humble yourself. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Lady E: David Russell's birthday bash gets Brighton - Heraldsun MELPOMENE: How has it been different at Equis? The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. in Painting/ Art History from the University of Tulsa. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. Employ over 400 people during the construction phase. Please try again later. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Alberici vowed she would never front a TV show again after exiting the ABC. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. He has delivered assets across the Asia-Pacific. 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.