david russell, equis11 Apr david russell, equis
Ive always worked long hours and that hasnt changed. 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%. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Others Named David Russell. MELPOMENE: They went silent because you left Macquarie? 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. Find out more. 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. He covers the Asia Pacific region and is based in Singapore. 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 . 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. MELPOMENE: Is what you know or who you know more important? David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. In the battery sector, the prices are falling but their performance is improving. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. MELPOMENE: Has ownership changed your motivation towards work? Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. One George Street, Singapore 049145 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. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Its human to fear what you dont understand. 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. 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. MELPOMENE: Did your legal and finance background help you in this field? They used to work at Macquarie. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. We're sure the builders are observing strict social distancing protocols during stage four lockdown. being driven to the Seminary of the Good Shepherd. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. . Craig Marsh settled upon a black McLaren with carbon-fibre trims. Does Joo Chiat Need Another Italian Joint? MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? And thats very important because we now have 84 projects totaling close to 8 billion dollars. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. David is also . 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. 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. DAVID: Ive watched a couple and I always cringe [laughs]. Consequat id porta nibh. DAVID: Technology and mindsets are evolving rapidly. 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. Congratulations to the Class of 2020, recording our best ever results. 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. 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. 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. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. All rights reserved. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Emma Alberici has landed a new gig, and, as promised, it's not on TV. Its interesting how that has come full circle. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. Theres a whole bunch of things on there that I really dont want to do [laughs]. Interest is certainly high. As Asias largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the worlds fastestgrowing renewable energy market., Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Hartford, Connecticut, United States. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. Copyright 2023 Equis Development Pte. They had reason to celebrate. Please try again later. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Were working to restore it. Russell received his M.F.A. Shane Warne sold the Brighton mansion for about $20m in 2018. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. As for the finance background, well, youve got to know the numbers when it comes to running a business. Monash University. DAVID: Years ago, we were just moving paper around. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Its not just gratuitous giving. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. That grew to be OzHarvest. David Russell The Projects will involve a capital investment of approximately A$400 million. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. The strategy of remaining quiet has worked well, but its now time to engage. Chris Wright is Asia editor. 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. At work, I am direct with people and I encourage them to be the same with me. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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$5bn of equity for Asian private equity In the Philippines, for example, the government budgets ahead so that they can afford power they need. Empower. Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. MELPOMENE: Whats one thing off the top of your head? When I started out of university, my peer group worked really hard and they were more dedicated. DAVID: Absolutely. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 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. 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 has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. These people deserve to be caught and punished, but they are certainly not the norm in the industry. But what were we adding back to society? 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. 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. DAVID: It was awesome! We are committed and responsive to the communities we serve. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. 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: 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. He has also written two books. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Tel: +65 6220 0040, Legal Notice & Terms of Use CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Ltd. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Equis' team brings focus, experience, passion and conviction. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Supply the annual power needs of 63,165 homes. Athletes' ambitions don't end when they leave the field of play. He led Equis development of wind and hydro projects in India. 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. David Russell Full Name: David Charles Russell Company: Equis Pte. There are already storage systems that are very profitable, and one of them is pump storage. MELPOMENE: Do you ever watch popular films that depict the financial industry? 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 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. She wasnt joking. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 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 . If anything we are quite an introverted group, but we knew what we were talking about. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. 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. Senectus et netus et malesuada fames ac turpis egestas sed. 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. Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment. 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. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. But most importantly, if you want to be successful, youll have to work hard. 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]. 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. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. Yes, Only if Its Forma. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. Youre right at the table with them as a trusted advisor. He led Equis development of wind and solar projects in the Philippines. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . China Equities: Yesterdays Story or More Compelling Than Ever? 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