david russell, equiswhat causes chills after knee replacement surgery
I think that helps people remain human in this business. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. DAVID: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. 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. They used to work at Macquarie. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Supply the annual power needs of 63,165 homes. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. DAVID: Technology and mindsets are evolving rapidly. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Thomas has over 20 years experience working in a range of business development and energy trading roles. MELPOMENE: How has it been different at Equis? Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. There are already storage systems that are very profitable, and one of them is pump storage. Its a matter of how theyll be utilised. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. MELPOMENE: How do you envision the use of renewables in ten years time? In 2011, David established Equis Energy. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. David Russell. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. Alberici starts on Monday. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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. Athletes' ambitions don't end when they leave the field of play. 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. 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. Do you worry about that? David Russell Full Name: David Charles Russell Company: Equis Pte. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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 Russell Called the Lady E, it's available to charter for a cool $767,840 a week. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. These governments need to grow and theyre putting in place very stable regulatory regimes. While were driving for business success, we formally make a point to give back to the community. Over there, our local guys are empowered to identify and drive growth from bottom up. DAVID: I do. Its important to humble yourself. "It was like the last supper," one onlooker said. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He has also written two books. 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. China Equities: Yesterdays Story or More Compelling Than Ever? MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 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. If theres a physical tussle over the South China Sea, its not going to affect our facilities. MELPOMENE: The project developers dont have the discretion to make decisions locally? "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. 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. David Russell 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 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. David Russell earned his B.F.A. DAVID: Its all relative. 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). 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. 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. Its not all hindsight. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] 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: Was your background crucial to your success? MELPOMENE: Skadden has a terrific reputation, how was it like working there? Alberici's new gig is chief strategy government relations and communications officer. Congratulations to the Class of 2020, recording our best ever results. DAVID: Ive watched a couple and I always cringe [laughs]. Co-Founder, Managing Director. 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Secondly, hierarchical environments create ceilings and politics. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. But what has changed is the level of desperation applied to the business when its your own. 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. DAVID: Skydiving! Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Our locally based staff boast a strong understanding of rural and regional Australia. 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. MELPOMENE: Whats one thing off the top of your head? While were driving for business success, we formally make a point to give back to the community. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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 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. 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. 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. DAVID: Theres an element of that. You can only aspire to be like them. Copyright 2023 Brighton Grammar School. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. MELPOMENE: Have you ever been forced to rethink your life? Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Ive always worked long hours and that hasnt changed. Privacy Policy. In the Philippines, for example, the government budgets ahead so that they can afford power they need. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? We started to participate because we saw an opportunity to make good money and invest in a growing sector. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. Business isnt as aggressive as its been dramatised to be. When I started out of university, my peer group worked really hard and they were more dedicated. A good thing, no doubt. In the battery sector, the prices are falling but their performance is improving. MELPOMENE: Is it important that the work you do creates value for society? 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. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. When the money cleared, the partners of Equis went shopping to celebrate. Shane Warne sold the Brighton mansion for about $20m in 2018. He has delivered assets across the Asia-Pacific. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? We are committed and responsive to the communities we serve. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Theres a whole bunch of things on there that I really dont want to do [laughs]. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. 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. But most importantly, if you want to be successful, youll have to work hard. 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. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. But to get to a certain point you have to think forward and consider all the paths and possibilities. 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. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Craig Marsh settled upon a black McLaren with carbon-fibre trims. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Yes, Only if Its Forma. Once I became nobody, a lot of those people actually went silent. DAVID K. RUSSELL. Ltd. 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. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. 2023 Tatler Asia Limited. Alberici vowed she would never front a TV show again after exiting the ABC. Youre right at the table with them as a trusted advisor. Apparently Pell was flanked by a number of priests. Will His AI Plans Be Any Different? 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. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. They had reason to celebrate. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. His work has included regulatory advice, project delivery advice, and transactional advice. 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. 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. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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.. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. He was charming and once flew her to Hong Kong for dinner. Construction of the Collinsville North Solar Project is expected to commence in 2017. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. Interest is certainly high. See reunion dates, update your details and give to BGS. 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. Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. And guess who was right? Emma Alberici has landed a new gig, and, as promised, it's not on TV. He led Equis development of wind and hydro projects in India. 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. Chris Wright is Asia editor. MELPOMENE: Has ownership changed your motivation towards work? 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. In Asia, power has always been the number one sector to invest in, not renewable energy. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. 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. 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. MELPOMENE: Large corporations are almost inevitably hierarchical. Senectus et netus et malesuada fames ac turpis egestas sed. The other guests in the restaurant said they had to pinch themselves. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. We felt that we deserved to be paid well because we were certainly working hard. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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 Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to lowcost, clean energy. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. Monash University. David Russell, Equis Group CEO, commented, "As Asia's largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for . All rights reserved. "I understand now how people can love a person who does awful things. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. If anything we are quite an introverted group, but we knew what we were talking about. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Apr 2022 - Present11 months. MELPOMENE: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest? Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. 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.
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