They had reason to celebrate. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Supply the annual power needs of 63,165 homes. When the money cleared, the partners of Equis went shopping to celebrate. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. 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. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Its not all hindsight. David Russell It could become micro power grid systems where power is generated and distributed locally. Chris Wright is Asia editor. Russell received his M.F.A. Apr 2022 - Present11 months. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? So by removing the glass ceiling, we dont lose our senior people as we grow. DAVID: Theres an element of that. 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. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. David Russell - Equis Photo: Domain. Thomas has over 20 years experience working in a range of business development and energy trading roles. His thesis and work explore the . MELPOMENE: Large corporations are almost inevitably hierarchical. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Find contact details for 700 million professionals. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. MELPOMENE: Whats one thing off the top of your head? 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. 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? David Russell VZIO stock SEC Form 4 insiders trading Tel: +65 6220 0040, Legal Notice & Terms of Use 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. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. These governments need to grow and theyre putting in place very stable regulatory regimes. Were working to restore it. Were sorry, this feature is currently unavailable. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. The strategy of remaining quiet has worked well, but its now time to engage. MELPOMENE: Has ownership changed your motivation towards work? The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. DAVID: I do. 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. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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? You connect it to the building, charge it up, and take it home to generate electricity for your house. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. In 1998, David joined Macquarie Group, where he spent 12 years. David Russell - Director, Technology Practices and Standards - LinkedIn Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Privacy Policy. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. You can only aspire to be like them. 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. 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. Were a lot happier not only making money but also making a difference. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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). Equis Commissioned over 400MW of Renewable Energy Projects 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]. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. We are committed and responsive to the communities we serve. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. Interest is certainly high. MELPOMENE: How has it been different at Equis? 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. 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 A good thing, no doubt. MELPOMENE: Why did you decide to strike out on your own? Ive always worked long hours and that hasnt changed. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education "It was like the last supper," one onlooker said. 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. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Copyright 2023 Equis Development Pte. 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 . He has delivered assets in Europe, Middle East and Australia. 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. Search. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] When I left my previous employer, I didnt realize how risky it actually was. Our purpose is to help current and future generations of Australians and we wont stop until we doso. DAVID: Years ago, we were just moving paper around. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Co-Founder, Managing Director. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. . Equis Wins Public Tender to Develop Taiwan's Largest Solar Project The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. "I understand now how people can love a person who does awful things. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. David Russell. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo Equis to Develop 1,000 MW Solar Project in Queensland, Australia 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. Our locally based staff boast a strong understanding of rural and regional Australia. David Russell Archives - Saving with Solar But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. 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.. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. If anything we are quite an introverted group, but we knew what we were talking about. And thats very important because we now have 84 projects totaling close to 8 billion dollars. They are part of C-Suite Department and their management level is C-Level. 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. But most importantly, if you want to be successful, youll have to work hard. 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. Everything comes back to the numbers. Yes, Only if Its Forma. being driven to the Seminary of the Good Shepherd. There are already storage systems that are very profitable, and one of them is pump storage. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Another guest wore a blazer bearing an Order of Australia gong on their lapel. 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. MELPOMENE: They went silent because you left Macquarie? He covers the Asia Pacific region and is based in Singapore. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. That grew to be OzHarvest. We definitely know a lot of people, but this business was not built on that. 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. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. 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: Its definitely not who you know. "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 there, our local guys are empowered to identify and drive growth from bottom up. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Athletes' ambitions don't end when they leave the field of play. At work, I am direct with people and I encourage them to be the same with me. Vignesh has over 7 years experience in infrastructure investment and development across Asia. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Warnie, whose acumen in real estate is starting to rival his spin bowling prowess, had bought the 3000sq m property, which he once dubbed his favourite house, for $14.25m, 18 months before selling it to the Russells. 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. She wasnt joking. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Emma Alberici has landed a new gig, and, as promised, it's not on TV. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Its interesting how that has come full circle. Do you worry about that? 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. 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. DAVID: Absolutely. 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. While were driving for business success, we formally make a point to give back to the community. DAVID K. RUSSELL. in Public Practice from Otis College of Art and Design in 2011. DAVID: Technology and mindsets are evolving rapidly. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. MELPOMENE: How do you envision the use of renewables in ten years time? He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. The other guests in the restaurant said they had to pinch themselves. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. Equis becomes owner of USD-1.3 bn battery project in Victoria When I started out of university, my peer group worked really hard and they were more dedicated. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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. 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. 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. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? That deal was a second innings for the spin bowler. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. 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. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Our People - equis.com.au 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. 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. Will Others Follow? See our. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com DAVID: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. MELPOMENE: Skadden has a terrific reputation, how was it like working there? They had reason to celebrate. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. David Russell email address & phone number | Equis Chief Executive As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information.
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