David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. Youre right at the table with them as a trusted advisor. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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. The strategy of remaining quiet has worked well, but its now time to engage. 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 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. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. in Painting/ Art History from the University of Tulsa. 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. Singapore, 27 March, 2017 In 2015, Equis, Asias largest independent renewable energy investor, commissioned nine (9) solar, wind and hydro projects in India, Japan and the Philippines, with a total generation capacity of 407.4 MW. Will His AI Plans Be Any Different? 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. 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. They had reason to celebrate. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year.
Our People - equis.com.au MELPOMENE: Did your legal and finance background help you in this field? That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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 not just gratuitous giving. We're sure the builders are observing strict social distancing protocols during stage four lockdown. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. MELPOMENE: Why did you decide to strike out on your own?
Private equity: The inside story of Equis and its partners' $800 DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. You can only aspire to be like them. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Search. David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. . Construction of the Tailem Bend Solar Project is expected to commence in early 2017. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. DAVID: Its all relative. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. "It was like the last supper," one onlooker said. Everything comes back to the numbers. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. 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? China Equities: Yesterdays Story or More Compelling Than Ever? MELPOMENE: Was your background crucial to your success? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year.
We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie.
David Russell - Head of Private Equity Asia and Greater China 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. You connect it to the building, charge it up, and take it home to generate electricity for your house. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Greater Newcastle Area. Business isnt as aggressive as its been dramatised to be. But to get to a certain point you have to think forward and consider all the paths and possibilities. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Our locally based staff boast a strong understanding of rural and regional Australia. 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. DAVID: Years ago, we were just moving paper around. 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. 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. being driven to the Seminary of the Good Shepherd. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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.
MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Tel: +65 6220 0040, Legal Notice & Terms of Use
Equis awarded Taiwan's largest solar project at 70MW - PV Tech MELPOMENE: They went silent because you left Macquarie? We definitely know a lot of people, but this business was not built on that. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. He has delivered assets in Europe, Middle East and Australia. 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. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Construction of the Collinsville North Solar Project is expected to commence in 2017.
US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Were a lot happier not only making money but also making a difference. MELPOMENE: Is it important that the work you do creates value for society? Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. He was far, far from perfect.
Home | David K. Russell Ive always worked long hours and that hasnt changed. We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. MELPOMENE: How has it been different at Equis? Vignesh has over 7 years experience in infrastructure investment and development across Asia. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. He led Equis development of wind and solar projects in the Philippines. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. 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 Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. In the Philippines, for example, the government budgets ahead so that they can afford power they need.
David Russell is buying the real estate dream | The Australian David Russell. In 1998, David joined Macquarie Group, where he spent 12 years. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] But what has changed is the level of desperation applied to the business when its your own. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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 Eugene Russell Net Worth (2023) | wallmine Consequat id porta nibh. 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. 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. 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. 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. We also bought businesses, made them better and sold them off. Its not all hindsight. The Projects will involve a capital investment of approximately A$400 million. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction.
Conversations with David Russell | High Net Worth Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Empower. MELPOMENE: Large corporations are almost inevitably hierarchical. His thesis and work explore the . While were driving for business success, we formally make a point to give back to the community. "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. But most importantly, if you want to be successful, youll have to work hard. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Russell received his M.F.A. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. While were driving for business success, we formally make a point to give back to the community. 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. We have the saying: You eat what you kill. If anything we are quite an introverted group, but we knew what we were talking about. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Secondly, hierarchical environments create ceilings and politics. Supply the annual power needs of 63,165 homes. 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. 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. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. California Weighs $360,000 in Reparations to Eligible Black Residents. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE.
Equis to Develop 1,000 MW Solar Project in Queensland, Australia 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. Hartford, Connecticut, United States. Chris Wright is Asia editor. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. He was charming and once flew her to Hong Kong for dinner. Where does the fallout from the Adani crisis take India now? In Asia, power has always been the number one sector to invest in, not renewable energy. 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. And guess who was right? The firm focuses 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, across Asia Pacific. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. MELPOMENE: How do you envision the use of renewables in ten years time? That grew to be OzHarvest. The other guests in the restaurant said they had to pinch themselves. DAVID: It was awesome! Equis' team brings focus, experience, passion and conviction. Did you feel restricted by that? Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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. 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. Photo: Domain. DAVID: Ive watched a couple and I always cringe [laughs]. 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. It could become micro power grid systems where power is generated and distributed locally. 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.. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Marshs spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family.
David Russell Archives - Saving with Solar 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? Apparently Pell was flanked by a number of priests. 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: Those who behave egregiously are a very small percentage of the industry. Its important to humble yourself. 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. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big.
Equis becomes owner of USD-1.3 bn battery project in Victoria Senectus et netus et malesuada fames ac turpis egestas sed. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Find out more. 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. Interest is certainly high. He covers the Asia Pacific region and is based in Singapore. He led Equis development of wind and hydro projects in India. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. MELPOMENE: Why did you decide to target Asian markets? Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. By submitting this form, I agree to these terms and conditions. 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. This website uses cookies to improve your experience. Credit:Jason South. But what were we adding back to society? DAVID: Technology and mindsets are evolving rapidly. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Its interesting how that has come full circle. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. DAVID: Definitely. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education MELPOMENE: Do you ever watch popular films that depict the financial industry? 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: They worked hard. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. 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. See our. David Russell VZIO stock SEC Form 4 insiders trading DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. Will Others Follow?
David Russell - Oakland, California, United States - LinkedIn There is no substitute for hard work. DAVID: Even though Im the CEO, the decision-making is a collective process. So while I was growing and being mentored, I had that slight frustration. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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.. People start thinking that these are the bad guys, but based on my experience, its not the case.