Greater Newcastle Area. 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 $14.25m, 18 months before selling it to the Russells. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. If theres a physical tussle over the South China Sea, its not going to affect our facilities. MELPOMENE: Have you ever been forced to rethink your life? 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. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. We acknowledge that our school is on the Country of the people of the Kulin Nations. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 in Public Practice from Otis College of Art and Design in 2011. 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. Co-Founder, Managing Director. Russell received his M.F.A. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Emma Alberici has landed a new gig, and, as promised, it's not on TV. The strategy of remaining quiet has worked well, but its now time to engage. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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. Once I became nobody, a lot of those people actually went silent. While were driving for business success, we formally make a point to give back to the community. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. MELPOMENE: Why did you decide to target Asian markets? 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. 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.. He covers the Asia Pacific region and is based in Singapore. 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. His thesis and work explore the . Senectus et netus et malesuada fames ac turpis egestas sed. It could become micro power grid systems where power is generated and distributed locally. MELPOMENE: Was your background crucial to your success? 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. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. I think that helps people remain human in this business. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. in Painting/ Art History from the University of Tulsa. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. One George Street, Singapore 049145 EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. DAVID: Years ago, we were just moving paper around. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. As for the finance background, well, youve got to know the numbers when it comes to running a business. We felt that we deserved to be paid well because we were certainly working hard. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Apr 2022 - Present11 months. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Our purpose is to help current and future generations of Australians and we wont stop until we doso. DAVID: Its definitely not who you know. A good thing, no doubt. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Supply the annual power needs of 63,165 homes. Will His AI Plans Be Any Different? He led Equis development of wind and hydro projects in India. Musk Made a Mess at Twitter. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. Not the David Russell you were looking for? And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Its not just gratuitous giving. 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? He has delivered assets in Europe, Middle East and Australia. The other guests in the restaurant said they had to pinch themselves. 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. Its important to humble yourself. 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. DAVID: Technology and mindsets are evolving rapidly. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Over there, our local guys are empowered to identify and drive growth from bottom up. Business isnt as aggressive as its been dramatised to be. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. 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? He has also written two books. When I started out of university, my peer group worked really hard and they were more dedicated. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. His work has included regulatory advice, project delivery advice, and transactional advice. 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. But most importantly, if you want to be successful, youll have to work hard. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Congratulations to the Class of 2020, recording our best ever results. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. David is also . Privacy Policy. They had reason to celebrate. 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. Secondly, hierarchical environments create ceilings and politics. DAVID: They worked hard. We may no longer need to build big cathedral type power facilities and expensive distribution systems. These governments need to grow and theyre putting in place very stable regulatory regimes. But what has changed is the level of desperation applied to the business when its your own. 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. That deal was a second innings for the spin bowler. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Its interesting how that has come full circle. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. David Russell VZIO stock SEC Form 4 insiders trading 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. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. While were driving for business success, we formally make a point to give back to the community. They are part of C-Suite Department and their management level is C-Level. 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. And that has always stuck with me. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. 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: Skadden has a terrific reputation, how was it like working there? See reunion dates, update your details and give to BGS. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Ive always worked long hours and that hasnt changed. 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. DAVID: Definitely. Were a lot happier not only making money but also making a difference. So by removing the glass ceiling, we dont lose our senior people as we grow. 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 1998, David joined Macquarie Group, where he spent 12 years. DAVID K. RUSSELL. MELPOMENE: Is it important that the work you do creates value for society? Copyright 2023 Brighton Grammar School. Were sorry, this feature is currently unavailable. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. 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. 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. DAVID: Ive watched a couple and I always cringe [laughs]. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 2023 High Net Worth All rights reserved. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Did you feel restricted by that? Chris Wright is Asia editor. 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? In Asia, power has always been the number one sector to invest in, not renewable energy. 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. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. 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. MELPOMENE: Did your legal and finance background help you in this field? 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 But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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 [email protected], Juwon ChaeGroup Head, Sustainability and Investor [email protected]. Yes, Only if Its Forma. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. "I understand now how people can love a person who does awful things. 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. Construction of the Collinsville North Solar Project is expected to commence in 2017. Copyright 2023 Equis Development Pte. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia. MELPOMENE: Why did you decide to strike out on your own? In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. 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. 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. Daniel LeeGroup Head, Corporate [email protected], Juwon ChaeGroup Head, Sustainability and Investor [email protected]. Credit:Jason South. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Its a matter of how theyll be utilised. We're sure the builders are observing strict social distancing protocols during stage four lockdown. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience.