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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. If anything we are quite an introverted group, but we knew what we were talking about. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 In Asia, power has always been the number one sector to invest in, not renewable energy. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Copyright 2023 Brighton Grammar School. 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. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy Employ over 400 people during the construction phase. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. She managed a renewable energy portfolio of over 625MW in Australia, sat on the board of Avertas Waste to Energy as well as managed transport and social infrastructure projects. You can only aspire to be like them. David Russell, Equis Funds Group CEO, said, "This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. Its a matter of how theyll be utilised. Apr 2022 - Present11 months. DAVID: Ive watched a couple and I always cringe [laughs]. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. MELPOMENE: Do you ever watch popular films that depict the financial industry? But there are a number of governments that came up with programmes to encourage investments in renewable energy. MELPOMENE: The project developers dont have the discretion to make decisions locally? DAVID: Theres an element of that. He was far, far from perfect. David Russell is buying the real estate dream | The Australian We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Called the Lady E, it's available to charter for a cool $767,840 a week. Equis Expands into Australia with Two Large Solar Projects David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. In 1998, David joined Macquarie Group, where he spent 12 years. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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. Its interesting how that has come full circle. His work has included regulatory advice, project delivery advice, and transactional advice. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Equis Commissioned over 400MW of Renewable Energy Projects He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar But to get to a certain point you have to think forward and consider all the paths and possibilities. David Russell email address & phone number | Equis Chief Executive MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. A good thing, no doubt. That grew to be OzHarvest. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project MELPOMENE: Why did you decide to target Asian markets? Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. 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. All rights reserved. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. David Russell - Head of Private Equity Asia and Greater China MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Search. Equis Commissions Additional 5 MW of Solar Projects in Taiwan Lady E: David Russell's birthday bash gets Brighton - Heraldsun We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. 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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Alberici's new gig is chief strategy government relations and communications officer. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. DAVID K. RUSSELL. He covers the Asia Pacific region and is based in Singapore. DAVID: Definitely. Equis Group appoints new partner and reveals management restructure We also bought businesses, made them better and sold them off. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Not the David Russell you were looking for? When I started out of university, my peer group worked really hard and they were more dedicated. 2023 Tatler Asia Limited. His thesis and work explore the . Athletes' ambitions don't end when they leave the field of play. Business isnt as aggressive as its been dramatised to be. CRICOS Provider Code: 00132K. Shane Warne sold the Brighton mansion for about $20m in 2018. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Equis' team brings focus, experience, passion and conviction. When the money cleared, the partners of Equis went shopping to celebrate. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. He has delivered assets in Europe, Middle East and Australia. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. The firm focuses 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, across Asia Pacific. In 2011, David established Equis Energy. He has also written two books. 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Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. We definitely know a lot of people, but this business was not built on that. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. MELPOMENE: They went silent because you left Macquarie? We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. MELPOMENE: How do you envision the use of renewables in ten years time? And guess who was right? DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. In the Philippines, for example, the government budgets ahead so that they can afford power they need. DAVID: Thats the million-dollar question. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. While were driving for business success, we formally make a point to give back to the community. See reunion dates, update your details and give to BGS. 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. David Russell | Sad Business School 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. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. David Russell - Equis While were driving for business success, we formally make a point to give back to the community. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Our People - equis.com.au Ltd. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. So while I was growing and being mentored, I had that slight frustration. MELPOMENE: Did your legal and finance background help you in this field? Privacy Policy. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age He was charming and once flew her to Hong Kong for dinner. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Youre right at the table with them as a trusted advisor. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. MELPOMENE: Is it important that the work you do creates value for society? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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. These governments need to grow and theyre putting in place very stable regulatory regimes. And thats very important because we now have 84 projects totaling close to 8 billion dollars. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. So by removing the glass ceiling, we dont lose our senior people as we grow. Our purpose is to help current and future generations of Australians and we wont stop until we doso. DAVID: Skydiving! MELPOMENE: Has ownership changed your motivation towards work? 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. This website uses cookies to improve your experience. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. 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. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Hartford, Connecticut, United States. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. 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%. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. But most importantly, if you want to be successful, youll have to work hard.
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