In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. David is also . 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. China Equities: Yesterdays Story or More Compelling Than Ever? 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. DAVID: Skydiving! Interest is certainly high. That deal was a second innings for the spin bowler. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. David Russell earned his B.F.A. In 2011, David established Equis Energy. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. All rights reserved. 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. 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. Monash University. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. DAVID: Ive watched a couple and I always cringe [laughs]. Musk Made a Mess at Twitter. 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. By submitting this form, I agree to these terms and conditions. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. People say that Asia is developing, but their frameworks are far more developed than those in Europe. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. MELPOMENE: Did your legal and finance background help you in this field? If theres a physical tussle over the South China Sea, its not going to affect our facilities. being driven to the Seminary of the Good Shepherd. 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. DAVID: Technology and mindsets are evolving rapidly. 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. 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. See our. 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? Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. When the money cleared, the partners of Equis went shopping to celebrate. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Thomas has over 20 years experience working in a range of business development and energy trading roles. In India, Equis commissioned four wind projects in Andhra Pradesh, Madhya Pradesh and Gujarat with generation capacity of 206 MW, and a hydro project in Sikkim added another 96 MW of generation capacity. Apr 2022 - Present11 months. Alberici starts on Monday. 2023 High Net Worth All rights reserved. Business isnt as aggressive as its been dramatised to be. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. Please try again later. Consequat id porta nibh. DAVID: Years ago, we were just moving paper around. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. Equis' team brings focus, experience, passion and conviction. 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. While were driving for business success, we formally make a point to give back to the community. David.Russell@sbs.ox.ac.uk 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. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. 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. 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. Ive always worked long hours and that hasnt changed. Credit:Jason South. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game 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. 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. Tel: +65 6220 0040, Legal Notice & Terms of Use ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. And thats very important because we now have 84 projects totaling close to 8 billion dollars. 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. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. 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. DAVID K. RUSSELL. David Russell VZIO stock SEC Form 4 insiders trading He has delivered assets in Europe, Middle East and Australia. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. DAVID: Even though Im the CEO, the decision-making is a collective process. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . David Russell Full Name: David Charles Russell Company: Equis Pte. Called the Lady E, it's available to charter for a cool $767,840 a week. Search. You connect it to the building, charge it up, and take it home to generate electricity for your house. Ltd. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne 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 ofIT entrepreneur Danny Wallis. 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 . MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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). He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. He led Equis development of wind and solar projects in the Philippines. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. We are committed and responsive to the communities we serve. Will His AI Plans Be Any Different? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. Once I became nobody, a lot of those people actually went silent. 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. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. 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. 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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. 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. 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. The other guests in the restaurant said they had to pinch themselves. 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. Ltd. MELPOMENE: Whats one thing off the top of your head? DAVID: They worked hard. Greater Newcastle Area. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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. They are part of C-Suite Department and their management level is C-Level. Athletes' ambitions don't end when they leave the field of play. 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.. We acknowledge that our school is on the Country of the people of the Kulin Nations. These governments need to grow and theyre putting in place very stable regulatory regimes. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Where does the fallout from the Adani crisis take India now? . DAVID: Theres an element of that. Our purpose is to help current and future generations of Australians and we wont stop until we doso. We have the saying: You eat what you kill. Were a lot happier not only making money but also making a difference. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. CRICOS Provider Code: 00132K. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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 Helping Scaling SaaS and Renewables companies find the best talent Ireland. While were driving for business success, we formally make a point to give back to the community. Construction of the Collinsville North Solar Project is expected to commence in 2017. Copyright 2023 Brighton Grammar School. Find contact details for 700 million professionals. 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. We felt that we deserved to be paid well because we were certainly working hard. 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 MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? As for the finance background, well, youve got to know the numbers when it comes to running a business. We may no longer need to build big cathedral type power facilities and expensive distribution systems. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Its interesting how that has come full circle. At work, I am direct with people and I encourage them to be the same with me. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021.
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