In the Philippines, for example, the government budgets ahead so that they can afford power they need. All rights reserved. Credit:Jason South. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Business isnt as aggressive as its been dramatised to be. Did you feel restricted by that? 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. Alberici's new gig is chief strategy government relations and communications officer. Hartford, Connecticut, United States. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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 Where does the fallout from the Adani crisis take India now? In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. 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. And thats very important because we now have 84 projects totaling close to 8 billion dollars. We definitely know a lot of people, but this business was not built on that. 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 connect it to the building, charge it up, and take it home to generate electricity for your house. MELPOMENE: Has ownership changed your motivation towards work? Privacy Policy. There is no substitute for hard work. 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. MELPOMENE: Why did you decide to target Asian markets? DAVID: Definitely. Monash University. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Copyright 2023 Equis Development Pte. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. So by removing the glass ceiling, we dont lose our senior people as we grow. Greater Newcastle Area. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. 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. 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. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. 2023 Tatler Asia Limited. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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 Group CEO, commented, As Asias 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 Australian consumers., Mr Russell noted, By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. While were driving for business success, we formally make a point to give back to the community. David Russell earned his B.F.A. All rights reserved. 2023 High Net Worth All rights reserved. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. Kahn thought Anton was like Cary Grant. But what were we adding back to society? In the battery sector, the prices are falling but their performance is improving. Apr 2022 - Present11 months. 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. Find out more. His thesis and work explore the . In 1998, David joined Macquarie Group, where he spent 12 years. 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. China Equities: Yesterdays Story or More Compelling Than Ever? They used to work at Macquarie. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. But he also told me theres no law stating that you cant act unreasonably [laughs]. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. These governments need to grow and theyre putting in place very stable regulatory regimes. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. He was charming and once flew her to Hong Kong for dinner. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. Chris Wright is Asia editor. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. MELPOMENE: Is it important that the work you do creates value for society? 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. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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. 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%. 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Supply the annual power needs of 63,165 homes. 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. 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: Its all relative. Apparently Pell was flanked by a number of priests. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. 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. Musk Made a Mess at Twitter. There are already storage systems that are very profitable, and one of them is pump storage. 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. They are part of C-Suite Department and their management level is C-Level. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. 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. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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? Others Named David Russell. The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. Craig Marsh settled upon a black McLaren with carbon-fibre trims. See reunion dates, update your details and give to BGS. 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. But most importantly, if you want to be successful, youll have to work hard. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. MELPOMENE: Was your background crucial to your success? 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. Emma Alberici has landed a new gig, and, as promised, it's not on TV. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. When the money cleared, the partners of Equis went shopping to celebrate. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. He has delivered assets in Europe, Middle East and Australia. MELPOMENE: Is what you know or who you know more important? 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. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Yes, Only if Its Forma. We have the saying: You eat what you kill. I think that helps people remain human in this business. Tel: +65 6220 0040, Legal Notice & Terms of Use He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. Interest is certainly high. Another guest wore a blazer bearing an Order of Australia gong on their lapel. His work has included regulatory advice, project delivery advice, and transactional advice. Copyright 2023 Brighton Grammar School. Find contact details for 700 million professionals. "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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. Senectus et netus et malesuada fames ac turpis egestas sed. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. 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. Alberici starts on Monday. David Russell VZIO stock SEC Form 4 insiders trading In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. 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. 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. We started to participate because we saw an opportunity to make good money and invest in a growing sector. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Its interesting how that has come full circle. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. DAVID: Theres an element of that. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Our purpose is to help current and future generations of Australians and we wont stop until we doso. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. In 2011, David established Equis Energy. They had reason to celebrate. When I left my previous employer, I didnt realize how risky it actually was. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. DAVID: Ive watched a couple and I always cringe [laughs]. He covers the Asia Pacific region and is based in Singapore. Does Joo Chiat Need Another Italian Joint? Called the Lady E, it's available to charter for a cool $767,840 a week. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. He led Equis development of wind and solar projects in the Philippines. DAVID: Years ago, we were just moving paper around. David Russell Full Name: David Charles Russell Company: Equis Pte. Will Others Follow? Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. 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. Ltd. 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. But to get to a certain point you have to think forward and consider all the paths and possibilities. 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.. These people deserve to be caught and punished, but they are certainly not the norm in the industry. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Congratulations to the Class of 2020, recording our best ever results. 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
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