david russell, equisdavid russell, equis
Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Home | David K. Russell Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). The strategy of remaining quiet has worked well, but its now time to engage. Ltd. Co-Founder, Managing Director. In 2011, David established Equis Energy. 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. They had reason to celebrate. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. Find out more. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. We are committed and responsive to the communities we serve. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. David Russell is buying the real estate dream | The Australian Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. 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. Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. We felt that we deserved to be paid well because we were certainly working hard. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . There are already storage systems that are very profitable, and one of them is pump storage. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Alberici starts on Monday. 2023 High Net Worth All rights reserved. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. If you benchmark me against our local project developers, Im risk-averse; but if you benchmark me against a credit guy from a central bank, youll probably view me as risk-seeking [laughs]. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Our locally based staff boast a strong understanding of rural and regional Australia. MELPOMENE: Skadden has a terrific reputation, how was it like working there? The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. 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.. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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? Secondly, hierarchical environments create ceilings and politics. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. Where does the fallout from the Adani crisis take India now? He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. These people deserve to be caught and punished, but they are certainly not the norm in the industry. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. Did you feel restricted by that? His work has included regulatory advice, project delivery advice, and transactional advice. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? Its not all hindsight. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. in Painting/ Art History from the University of Tulsa. What: Equis is focused on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure assets. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. 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. 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). Were working to restore it. 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. 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. Lady E: David Russell's birthday bash gets Brighton - Heraldsun The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. By submitting this form, I agree to these terms and conditions. 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. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. 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. CRICOS Provider Code: 00132K. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. They are part of C-Suite Department and their management level is C-Level. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. That grew to be OzHarvest. MELPOMENE: Why did you decide to strike out on your own? 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 works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. One George Street, Singapore 049145 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. 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. 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 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. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. But most importantly, if you want to be successful, youll have to work hard. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Search. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. A good thing, no doubt. David Russell, Equis Funds Group: Profile and Biography The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. Will His AI Plans Be Any Different? He has delivered assets across the Asia-Pacific. David Russell - Director, Technology Practices and Standards - LinkedIn 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: 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. DAVID: Absolutely. Will Others Follow? Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. While were driving for business success, we formally make a point to give back to the community. 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. 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? In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. DAVID: It was awesome! David Russell Archives - Saving with Solar Craig Marsh settled upon a black McLaren with carbon-fibre trims. David Russell - Brighton Grammar: Leading Private School | Boys' School 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: Have you ever been forced to rethink your life? 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? MELPOMENE: Was your background crucial to your success? Conversations with David Russell | High Net Worth MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. MELPOMENE: How do you envision the use of renewables in ten years time? Our People - equis.com.au The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] MELPOMENE: Why did you decide to target Asian markets? 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. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. 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. Private equity: The inside story of Equis and its partners' $800 I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. David Russell - Crunchbase Person Profile When I left my previous employer, I didnt realize how risky it actually was. David Russell email address & phone number | Equis Chief Executive Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. 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. The Projects will involve a capital investment of approximately A$400 million. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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 Eugene Russell Net Worth (2023) | wallmine The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. You connect it to the building, charge it up, and take it home to generate electricity for your house. 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. 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 $18 million for the Sunshine Beach house ofIT entrepreneur Danny Wallis. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. About Us - Equis Development Pte. Ltd. See reunion dates, update your details and give to BGS. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Not the David Russell you were looking for? 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