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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Find contact details for 700 million professionals. David Russell - Director, Technology Practices and Standards - LinkedIn In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Congratulations to the Class of 2020, recording our best ever results. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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 Charles Russell - Equis Pte. Ltd. - privatefunddata.com But her kids thought he was a phoney. MELPOMENE: Have you ever been forced to rethink your life? MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? The Projects will involve a capital investment of approximately A$400 million. Construction of the Collinsville North Solar Project is expected to commence in 2017. MELPOMENE: Did your legal and finance background help you in this field? Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Its a matter of how theyll be utilised. 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. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Not the David Russell you were looking for? In 2011, David established Equis Energy. Home | David K. Russell MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. 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. MELPOMENE: How do you envision the use of renewables in ten years time? Another guest wore a blazer bearing an Order of Australia gong on their lapel. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. We started to participate because we saw an opportunity to make good money and invest in a growing sector. In 1998, David joined Macquarie Group, where he spent 12 years. David Russell 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). We acknowledge that our school is on the Country of the people of the Kulin Nations. He led Equis development of wind and hydro projects in India. Its human to fear what you dont understand. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). [email protected] Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Were a lot happier not only making money but also making a difference. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Apparently Pell was flanked by a number of priests. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Monash University. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. 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. In the battery sector, the prices are falling but their performance is improving. 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. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar 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. These governments need to grow and theyre putting in place very stable regulatory regimes. 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. Copyright 2023 Equis Development Pte. MELPOMENE: They went silent because you left Macquarie? Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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 is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. David Russell Full Name: David Charles Russell Company: Equis Pte. 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.. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. 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. 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. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Russell received his M.F.A. Did you feel restricted by that? Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. A good thing, no doubt. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. In addition, Equis has completed a further 33 utility scale renewable energy projects in Asia over the last 3 years or on average 1 project every 5 weeks. Lady E: David Russell's birthday bash gets Brighton - Heraldsun Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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%. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. So while I was growing and being mentored, I had that slight frustration. We also bought businesses, made them better and sold them off. in Public Practice from Otis College of Art and Design in 2011. David is also . David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. David Russell earned his B.F.A. DAVID: Ive watched a couple and I always cringe [laughs]. Do you worry about that? MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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? Prior to joining Equis, Liz held planning and permitting roles at Goldwind. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. We have the saying: You eat what you kill. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. DAVID: Years ago, we were just moving paper around. DAVID: Definitely. He covers the Asia Pacific region and is based in Singapore. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. being driven to the Seminary of the Good Shepherd. Interest is certainly high. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Alberici starts on Monday. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Theres a whole bunch of things on there that I really dont want to do [laughs]. "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. There are already storage systems that are very profitable, and one of them is pump storage. DAVID: Theres an element of that. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Musk Made a Mess at Twitter. When the money cleared, the partners of Equis went shopping to celebrate. This website uses cookies to improve your experience. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. Its interesting how that has come full circle. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". 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]. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. David Russell. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. Search. Once I became nobody, a lot of those people actually went silent. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. MELPOMENE: Large corporations are almost inevitably hierarchical. 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: I am always trying to take on more responsibility or have more control over what Im doing. 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. We definitely know a lot of people, but this business was not built on that. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. They are part of C-Suite Department and their management level is C-Level. MELPOMENE: How has it been different at Equis?
What Happened To Jay Black, Articles D