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.. Monash University. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. Interest is certainly high. He was charming and once flew her to Hong Kong for dinner. 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. 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 is also . Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Its interesting how that has come full circle. When I left my previous employer, I didnt realize how risky it actually was. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. 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. 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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. He has also written two books. David Russell Archives - Saving with Solar Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. 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. David Eugene Russell Net Worth (2023) | wallmine The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . As for the finance background, well, youve got to know the numbers when it comes to running a business. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Where does the fallout from the Adani crisis take India now? Athletes' ambitions don't end when they leave the field of play. They had reason to celebrate. Co-Founder, Managing Director. 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 most importantly, if you want to be successful, youll have to work hard. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Yes, Only if Its Forma. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. David Russell EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. David Russell VZIO stock SEC Form 4 insiders trading We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. MELPOMENE: Why did you decide to target Asian markets? 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. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. MELPOMENE: Do you ever watch popular films that depict the financial industry? The Projects will involve a capital investment of approximately A$400 million. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Equis Commissions Additional 5 MW of Solar Projects in Taiwan When I started out of university, my peer group worked really hard and they were more dedicated. MELPOMENE: Was your background crucial to your success? Those inside the restaurant overheard the dinner was held to mark his release from jail. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Its not all hindsight. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Ive always worked long hours and that hasnt changed. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. People start thinking that these are the bad guys, but based on my experience, its not the case. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. We definitely know a lot of people, but this business was not built on that. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. In 1998, David joined Macquarie Group, where he spent 12 years. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. Senectus et netus et malesuada fames ac turpis egestas sed. DAVID K. RUSSELL. Hartford, Connecticut, United States. MELPOMENE: Whats one thing off the top of your head? Will His AI Plans Be Any Different? Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. There are already storage systems that are very profitable, and one of them is pump storage. MELPOMENE: Did your legal and finance background help you in this field? Does Joo Chiat Need Another Italian Joint? Equis Wins Public Tender to Develop Taiwan's Largest Solar Project The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". But there are a number of governments that came up with programmes to encourage investments in renewable energy. in Public Practice from Otis College of Art and Design in 2011. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? In India, Equis commissioned four wind projects in Andhra Pradesh, Madhya Pradesh and Gujarat with generation capacity of 206 MW, and a hydro project in Sikkim added another 96 MW of generation capacity. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Musk Made a Mess at Twitter. DAVID: They worked hard. DAVID: My legal background helped me because it gave me discipline and an eye for detail. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. In 2011, David established Equis Energy. Its not just gratuitous giving. David Russell - Director, Technology Practices and Standards - LinkedIn 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. 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 MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . 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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 2023 High Net Worth All rights reserved. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Ltd. 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DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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: 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. In the battery sector, the prices are falling but their performance is improving. 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. 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. 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. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. 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. Will Others Follow? MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. California Weighs $360,000 in Reparations to Eligible Black Residents. David Russell Full Name: David Charles Russell Company: Equis Pte. 2023 Tatler Asia Limited. 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. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia.
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