david russell, equis

Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Photo: Domain. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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.. being driven to the Seminary of the Good Shepherd. See reunion dates, update your details and give to BGS. 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. 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. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. These people deserve to be caught and punished, but they are certainly not the norm in the industry. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. At work, I am direct with people and I encourage them to be the same with me. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. All rights reserved. in Painting/ Art History from the University of Tulsa. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. He was far, far from perfect. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. But to get to a certain point you have to think forward and consider all the paths and possibilities. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. By submitting this form, I agree to these terms and conditions. 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. Equis becomes owner of USD-1.3 bn battery project in Victoria 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. His work has included regulatory advice, project delivery advice, and transactional advice. 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. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. That deal was a second innings for the spin bowler. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. In the battery sector, the prices are falling but their performance is improving. Apparently Pell was flanked by a number of priests. 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 is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. You connect it to the building, charge it up, and take it home to generate electricity for your house. 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. David Russell, Equis Funds Group: Profile and Biography He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Were working to restore it. 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. 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. China Equities: Yesterdays Story or More Compelling Than Ever? 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. 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. MELPOMENE: Is it important that the work you do creates value for society? DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. 2023 High Net Worth All rights reserved. Tel: +65 6220 0040, Legal Notice & Terms of Use Our locally based staff boast a strong understanding of rural and regional Australia. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. Athletes' ambitions don't end when they leave the field of play. . When I started out of university, my peer group worked really hard and they were more dedicated. MELPOMENE: Whats one thing off the top of your head? Musk Made a Mess at Twitter. But what has changed is the level of desperation applied to the business when its your own. 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. 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. 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. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. DAVID K. RUSSELL. He covers the Asia Pacific region and is based in Singapore. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. But her kids thought he was a phoney. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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 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. 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. Home | David K. Russell EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project Find out more. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? Its interesting how that has come full circle. In the Philippines, for example, the government budgets ahead so that they can afford power they need. David Russell Full Name: David Charles Russell Company: Equis Pte. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Alberici vowed she would never front a TV show again after exiting the ABC. When the money cleared, the partners of Equis went shopping to celebrate. 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. But most importantly, if you want to be successful, youll have to work hard. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. MELPOMENE: They went silent because you left Macquarie? Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. In 1998, David joined Macquarie Group, where he spent 12 years. But there are a number of governments that came up with programmes to encourage investments in renewable energy. The company was part of reportedly the largest global renewable energy transaction in history in 2018 when its subsidiary, Equis Energy, was sold to Global Infrastructure Partners for US$5 billion. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. 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. Privacy Policy. 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. 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. MELPOMENE: Do you ever watch popular films that depict the financial industry? DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. David Eugene Russell Net Worth (2023) | wallmine 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. Equis Commissioned over 400MW of Renewable Energy Projects While were driving for business success, we formally make a point to give back to the community. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. He led Equis development of wind and solar projects in the Philippines. 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. Interest is certainly high. 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. CRICOS Provider Code: 00132K. 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 . 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Equis Commissions Additional 5 MW of Solar Projects in Taiwan DAVID: Technology and mindsets are evolving rapidly. 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. Its not all hindsight. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Chris Wright is Asia editor. Equis Expands into Australia with Two Large Solar Projects Its not just gratuitous giving. Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. DAVID: Definitely. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. MELPOMENE: How has it been different at Equis? 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 . In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. MELPOMENE: Did your legal and finance background help you in this field? Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Shane Warne sold the Brighton mansion for about $20m in 2018. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Co-Founder, Managing Director. This website uses cookies to improve your experience. DAVID: Ive watched a couple and I always cringe [laughs]. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. And guess who was right? Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Secondly, hierarchical environments create ceilings and politics. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. 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. 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. David Russell email address & phone number | Equis Chief Executive 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 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. 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. Yes, Only if Its Forma. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later.

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