All rights reserved. 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. The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. 2023 High Net Worth All rights reserved. We started to participate because we saw an opportunity to make good money and invest in a growing sector. 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 were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. in Public Practice from Otis College of Art and Design in 2011. 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. See reunion dates, update your details and give to BGS. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Did you feel restricted by that? 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. MELPOMENE: Why did you decide to target Asian markets? 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. Credit:Jason South. 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? But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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.. 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. DAVID: They worked hard. Do you worry about that? Our People - equis.com.au Craig Marsh settled upon a black McLaren with carbon-fibre trims. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). While were driving for business success, we formally make a point to give back to the community. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 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. See our. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Employ over 400 people during the construction phase. 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. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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: My legal background helped me because it gave me discipline and an eye for detail. They are part of C-Suite Department and their management level is C-Level. 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. 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. DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. There is no substitute for hard work. Equis Group appoints new partner and reveals management restructure 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. 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. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. Theres a whole bunch of things on there that I really dont want to do [laughs]. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. We have the saying: You eat what you kill. Its interesting how that has come full circle. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. About Us - Equis Development Pte. Ltd. Empower. Musk Made a Mess at Twitter. 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: Its all relative. The strategy of remaining quiet has worked well, but its now time to engage. Equis' team brings focus, experience, passion and conviction. 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. Athletes' ambitions don't end when they leave the field of play. 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. Equis awarded Taiwan's largest solar project at 70MW - PV Tech 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. "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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. David Russell is buying the real estate dream | The Australian Equis becomes owner of USD-1.3 bn battery project in Victoria And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. Ltd. DAVID: Technology and mindsets are evolving rapidly. "I understand now how people can love a person who does awful things. Apparently Pell was flanked by a number of priests. Where does the fallout from the Adani crisis take India now? 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project Will Others Follow? Emma Alberici has landed a new gig, and, as promised, it's not on TV. 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 . David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market MELPOMENE: They went silent because you left Macquarie? Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. They had reason to celebrate. Were a lot happier not only making money but also making a difference. 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. If anything we are quite an introverted group, but we knew what we were talking about. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. It could become micro power grid systems where power is generated and distributed locally. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Business isnt as aggressive as its been dramatised to be. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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. Alberici vowed she would never front a TV show again after exiting the ABC. People start thinking that these are the bad guys, but based on my experience, its not the case. David Russell earned his B.F.A. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. That grew to be OzHarvest. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. But to get to a certain point you have to think forward and consider all the paths and possibilities. He has also written two books. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Privacy Policy. Its important to humble yourself. 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. Its not just gratuitous giving. As for the finance background, well, youve got to know the numbers when it comes to running a business. When I left my previous employer, I didnt realize how risky it actually was. Consequat id porta nibh. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Its a matter of how theyll be utilised. His thesis and work explore the . 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. Equis Expands into Australia with Two Large Solar Projects DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. Equis to Develop 1,000 MW Solar Project in Queensland, Australia Kahn thought Anton was like Cary Grant. 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. Private equity: The inside story of Equis and its partners' $800 In 1998, David joined Macquarie Group, where he spent 12 years. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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: Theres an element of that. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. Greater Newcastle Area. David Russell Full Name: David Charles Russell Company: Equis Pte. MELPOMENE: Skadden has a terrific reputation, how was it like working there? 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. Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. MELPOMENE: Is what you know or who you know more important? 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. China Equities: Yesterdays Story or More Compelling Than Ever? David Russell - Crunchbase Person Profile In the Philippines, for example, the government budgets ahead so that they can afford power they need. Chris Wright is Asia editor. He was charming and once flew her to Hong Kong for dinner. David Russell - Equis Development Pte. Ltd. Called the Lady E, it's available to charter for a cool $767,840 a week. 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. His work has included regulatory advice, project delivery advice, and transactional advice. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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 . Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. But most importantly, if you want to be successful, youll have to work hard. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. But her kids thought he was a phoney. MELPOMENE: How has it been different at Equis? In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. So while I was growing and being mentored, I had that slight frustration. 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. 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. 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. 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. So by removing the glass ceiling, we dont lose our senior people as we grow. That deal was a second innings for the spin bowler. By submitting this form, I agree to these terms and conditions. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Not the David Russell you were looking for? Secondly, hierarchical environments create ceilings and politics. 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. 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. DAVID: It was awesome! 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. 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. The other guests in the restaurant said they had to pinch themselves. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Please try again later. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. 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. He led Equis development of wind and hydro projects in India. Our locally based staff boast a strong understanding of rural and regional Australia. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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? Tel: +65 6220 0040, Legal Notice & Terms of Use We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. She wasnt joking. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. We definitely know a lot of people, but this business was not built on that. 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. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. Monash University. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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 .