BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. Head of Acquisitions, Macquarie Korea Infrastructure Fund (KOSPI), Bachelor of Commerce, LL.B, Canterbury University, NZ, Over 28 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Macquarie Senior Managing Director & Head of Infrastructure Advisory for Korea and North Asia, Bachelor of Arts (Hons), Major in Business Economics, UC Santa Barbara, MBA, Sloan School of Business, MIT, 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, Former Macquarie Senior Managing Director & Head of Greater China & Asian Private Equity, Utilities lawyer, Skadden Arps (Washington DC) & Minter Ellison (Melbourne), Bachelor of Economics (Hons), LL.B (Hons), Monash University, Over 25 years of infrastructure investment experience, with 19 years in Australia, Bachelor of Commerce (Hons), Bachelor of Laws (LLB), Deakin University, Advanced Management Program, Harvard Business School, Over 17 years of Asian private equity and infrastructure investment experience, Former Macquarie Vice President & Head of Acquisitions MENA (Abu Dhabi), MKIF investment team (Korea), Bachelor of Economics, Seoul National University, 1 George Street #23-03 DAVID: Skydiving! 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. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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. Privacy Policy. MELPOMENE: Whats one thing off the top of your head? Craig Marsh settled upon a black McLaren with carbon-fibre trims. DAVID: It was awesome! Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. People start thinking that these are the bad guys, but based on my experience, its not the case. David Russell - Oakland, California, United States - LinkedIn Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). See our. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project MELPOMENE: Why did you decide to strike out on your own? Equis' team brings focus, experience, passion and conviction. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. 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. 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 Group appoints new partner and reveals management restructure MELPOMENE: Is it important that the work you do creates value for society? David Russell Full Name: David Charles Russell Company: Equis Pte. 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. MELPOMENE: Do you ever watch popular films that depict the financial industry? Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Credit:Jason South. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. Its not just gratuitous giving. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. 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. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. 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 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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. 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. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. At work, I am direct with people and I encourage them to be the same with me. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. He has delivered assets across the Asia-Pacific. All rights reserved. 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. A good thing, no doubt. 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. Co-Founder, Managing Director. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. Not the David Russell you were looking for? In 2005-2010, based in Seoul and Hong Kong, David established three infrastructure private equity funds, including one of the first and largest South Korean private funds. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. He has also written two books. DAVID: Its definitely not who you know. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. As for the finance background, well, youve got to know the numbers when it comes to running a business. 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. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar 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. 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. DAVID: Years ago, we were just moving paper around. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. David Russell - Equis 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. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of 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. in Painting/ Art History from the University of Tulsa. 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. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Will His AI Plans Be Any Different? MELPOMENE: Did your legal and finance background help you in this field? 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? MELPOMENE: How has it been different at Equis? Supply the annual power needs of 63,165 homes. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market 2023 Tatler Asia Limited. We have the saying: You eat what you kill. MELPOMENE: The project developers dont have the discretion to make decisions locally? David Russell - Brighton Grammar: Leading Private School | Boys' School The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Construction of the Collinsville North Solar Project is expected to commence in 2017. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. 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: Was your background crucial to your success? 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Alberici vowed she would never front a TV show again after exiting the ABC. "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. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. About Us - Equis Development Pte. Ltd. That deal was a second innings for the spin bowler. Emma Alberici has landed a new gig, and, as promised, it's not on TV. Conversations with David Russell | High Net Worth Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Consequat id porta nibh. Kahn thought Anton was like Cary Grant. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Were working to restore it. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Its human to fear what you dont understand. MELPOMENE: They went silent because you left Macquarie? MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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: Large corporations are almost inevitably hierarchical. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. David Russell - Crunchbase Person Profile Russell received his M.F.A. We are committed and responsive to the communities we serve. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. 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. in Public Practice from Otis College of Art and Design in 2011. 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). Athletes' ambitions don't end when they leave the field of play. His work has included regulatory advice, project delivery advice, and transactional advice. Alberici starts on Monday. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . David Russell | Tatler Asia MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. I think that helps people remain human in this business. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. DAVID: Definitely. 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? David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. Shane Warne sold the Brighton mansion for about $20m in 2018.