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All rights reserved. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy They had reason to celebrate. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 2023 High Net Worth All rights reserved. Shane Warne sold the Brighton mansion for about $20m in 2018. So while I was growing and being mentored, I had that slight frustration. 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Not the David Russell you were looking for? In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. DAVID: Theres an element of that. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. So by removing the glass ceiling, we dont lose our senior people as we grow. 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. When I left my previous employer, I didnt realize how risky it actually was. 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: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. Its a matter of how theyll be utilised. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. While were driving for business success, we formally make a point to give back to the community. MELPOMENE: Is it important that the work you do creates value for society? 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. They used to work at Macquarie. This website uses cookies to improve your experience. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. MELPOMENE: Skadden has a terrific reputation, how was it like working there? Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Emma Alberici has landed a new gig, and, as promised, it's not on TV. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Youre right at the table with them as a trusted advisor. David Russell VZIO stock SEC Form 4 insiders trading David Russell, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. David Russell 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. Photo: Domain. When I started out of university, my peer group worked really hard and they were more dedicated. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. in Public Practice from Otis College of Art and Design in 2011. 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%. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Chris Wright is Asia editor. 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. 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. DAVID: Skydiving! Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. He led Equis development of wind and hydro projects in India. Its human to fear what you dont understand. Theres a whole bunch of things on there that I really dont want to do [laughs]. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. The other guests in the restaurant said they had to pinch themselves. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. 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 K. RUSSELL. . 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 $4 million, also slated for redevelopment. Search. Vignesh has over 7 years experience in infrastructure investment and development across Asia. The combined power and large-scale generation certificates price of the Tailem Bend Solar Project is approximately 40% less than prevailing South Australian market prices, delivering significant savings to South Australian consumers. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. MELPOMENE: Is what you know or who you know more important? Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. These governments need to grow and theyre putting in place very stable regulatory regimes. 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. His thesis and work explore the . DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. It could become micro power grid systems where power is generated and distributed locally. Congratulations to the Class of 2020, recording our best ever results. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? Our locally based staff boast a strong understanding of rural and regional Australia. 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. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. 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. 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. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. We 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. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. That grew to be OzHarvest. 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. Monash University. 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. Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. All rights reserved. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. 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. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Russell received his M.F.A. 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. We started to participate because we saw an opportunity to make good money and invest in a growing sector. 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. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Were working to restore it. 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. 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. They had reason to celebrate. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. As for the finance background, well, youve got to know the numbers when it comes to running a business. China Equities: Yesterdays Story or More Compelling Than Ever? There are already storage systems that are very profitable, and one of them is pump storage. Does Joo Chiat Need Another Italian Joint? We are committed and responsive to the communities we serve. Business isnt as aggressive as its been dramatised to be. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. David Russell Full Name: David Charles Russell Company: Equis Pte. 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. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. He covers the Asia Pacific region and is based in Singapore. 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 $20 million in an off-market deal in 2018. If anything we are quite an introverted group, but we knew what we were talking about. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. He has also written two books. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? We definitely know a lot of people, but this business was not built on that. Ltd. Its interesting how that has come full circle. There is no substitute for hard work. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. 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. 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. 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. But to get to a certain point you have to think forward and consider all the paths and possibilities.