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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. 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. Shane Warne sold the Brighton mansion for about $20m in 2018. Photo: Domain. 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. But her kids thought he was a phoney. He led Equis development of wind and solar projects in the Philippines. 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. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 2023 Tatler Asia Limited. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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. All rights reserved. We have the saying: You eat what you kill. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. MELPOMENE: Has ownership changed your motivation towards work? Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. A good thing, no doubt. "I understand now how people can love a person who does awful things. 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. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. They had reason to celebrate. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. Find out more. 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. 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. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. 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. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Please try again later. . As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. His thesis and work explore the . That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 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. That grew to be OzHarvest. David Russell Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. Everything comes back to the numbers. But what were we adding back to society? He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. MELPOMENE: Why did you decide to target Asian markets? Once I became nobody, a lot of those people actually went silent. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. 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: 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. So by removing the glass ceiling, we dont lose our senior people as we grow. His work has included regulatory advice, project delivery advice, and transactional advice. Supply the annual power needs of 63,165 homes. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. He has delivered assets across the Asia-Pacific. Find contact details for 700 million professionals. Credit:Jason South. 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: Absolutely. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Kahn thought Anton was like Cary Grant. Apr 2022 - Present11 months. In Asia, power has always been the number one sector to invest in, not renewable energy. 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. MELPOMENE: Did your legal and finance background help you in this field? 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. DAVID: Definitely. MELPOMENE: Skadden has a terrific reputation, how was it like working there? "It was like the last supper," one onlooker said. The other guests in the restaurant said they had to pinch themselves. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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. DAVID: Technology and mindsets are evolving rapidly. MELPOMENE: Is it important that the work you do creates value for society? Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. They are part of C-Suite Department and their management level is C-Level. Ltd. See reunion dates, update your details and give to BGS. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . See our. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. If anything we are quite an introverted group, but we knew what we were talking about. Our locally based staff boast a strong understanding of rural and regional Australia. 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. 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? 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. But there are a number of governments that came up with programmes to encourage investments in renewable energy. "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. He was charming and once flew her to Hong Kong for dinner. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Empower. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. Chris Wright is Asia editor. CRICOS Provider Code: 00132K. David Russell earned his B.F.A. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? MELPOMENE: Is what you know or who you know more important? Do you worry about that? We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. DAVID: Theres an element of that. He covers the Asia Pacific region and is based in Singapore. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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. 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 is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. 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: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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? Copyright 2023 Brighton Grammar School. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. We started to participate because we saw an opportunity to make good money and invest in a growing sector. We are committed and responsive to the communities we serve. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Ive always worked long hours and that hasnt changed. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. MELPOMENE: Do you ever watch popular films that depict the financial industry? That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Business isnt as aggressive as its been dramatised to be. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Alberici vowed she would never front a TV show again after exiting the ABC. There is no substitute for hard work. 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. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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.
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