Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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 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. 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. Secondly, hierarchical environments create ceilings and politics. 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. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age 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. 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. Ive always worked long hours and that hasnt changed. DAVID: Theres an element of that. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. 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. 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. This website uses cookies to improve your experience. 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 $20 million in an off-market deal in 2018. CRICOS Provider Code: 00132K. MELPOMENE: Did your legal and finance background help you in this field? The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. Ltd. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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: Has ownership changed your motivation towards work? China Equities: Yesterdays Story or More Compelling Than Ever? People say that Asia is developing, but their frameworks are far more developed than those in Europe. He led Equis development of wind and solar projects in the Philippines. We acknowledge that our school is on the Country of the people of the Kulin Nations. About Us - Equis Development Pte. Ltd. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. They had reason to celebrate. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Tel: +65 6220 0040, Legal Notice & Terms of Use 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. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. But he also told me theres no law stating that you cant act unreasonably [laughs]. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Equis awarded Taiwan's largest solar project at 70MW - PV Tech We started to participate because we saw an opportunity to make good money and invest in a growing sector. And guess who was right? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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]. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. David Russell, Equis Funds Group: Profile and Biography 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. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. 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. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. being driven to the Seminary of the Good Shepherd. 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. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? All rights reserved. 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. Senectus et netus et malesuada fames ac turpis egestas sed. 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 was sitting in the middle of a long dinner table, and there was no one sitting opposite. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Youre right at the table with them as a trusted advisor. MELPOMENE: Do you ever watch popular films that depict the financial industry? But most importantly, if you want to be successful, youll have to work hard. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. 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. 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. Musk Made a Mess at Twitter. 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? At work, I am direct with people and I encourage them to be the same with me. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. 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). Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. 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 battery sector, the prices are falling but their performance is improving. DAVID: Ive watched a couple and I always cringe [laughs]. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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: Large corporations are almost inevitably hierarchical. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Were sorry, this feature is currently unavailable. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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: Are you worried that the South China Sea dispute will affect investor confidence in the region? DAVID: Thats the million-dollar question. We also bought businesses, made them better and sold them off. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. He was far, far from perfect. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. He covers the Asia Pacific region and is based in Singapore. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. He led Equis development of wind and hydro projects in India. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Its important to humble yourself. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Alberici's new gig is chief strategy government relations and communications officer. It could become micro power grid systems where power is generated and distributed locally. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Photo: Domain. In the Philippines, for example, the government budgets ahead so that they can afford power they need. That grew to be OzHarvest. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Over there, our local guys are empowered to identify and drive growth from bottom up. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. 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. Our People - equis.com.au MELPOMENE: Is it important that the work you do creates value for society? If anything we are quite an introverted group, but we knew what we were talking about. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Its not just gratuitous giving. David Eugene Russell Net Worth (2023) | wallmine David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Alberici vowed she would never front a TV show again after exiting the ABC. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Copyright 2023 Equis Development Pte. 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. Monash University. 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. One George Street, Singapore 049145 . Equis' team brings focus, experience, passion and conviction. 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. Chris Wright is Asia editor. The other guests in the restaurant said they had to pinch themselves. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. 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 $14.25m, 18 months before selling it to the Russells. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Find contact details for 700 million professionals. DAVID: Even though Im the CEO, the decision-making is a collective process. DAVID: Its definitely not who you know. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . 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.. We're sure the builders are observing strict social distancing protocols during stage four lockdown. In Asia, power has always been the number one sector to invest in, not renewable energy. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. Were a lot happier not only making money but also making a difference. Find out more. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. DAVID: Its all relative. They had reason to celebrate. 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 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. 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. 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. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. California Weighs $360,000 in Reparations to Eligible Black Residents. Craig Marsh settled upon a black McLaren with carbon-fibre trims. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. 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. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. "I understand now how people can love a person who does awful things. Equis Expands into Australia with Two Large Solar Projects 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. His thesis and work explore the . He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Those inside the restaurant overheard the dinner was held to mark his release from jail.