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. Ive always worked long hours and that hasnt changed. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. 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. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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 email address & phone number | Equis Chief Executive Emma Alberici has landed a new gig, and, as promised, it's not on TV. 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. Copyright 2023 Brighton Grammar School. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. When I started out of university, my peer group worked really hard and they were more dedicated. 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. He was far, far from perfect. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. David Russell | Sad Business School You connect it to the building, charge it up, and take it home to generate electricity for your house. 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. DAVID: Thats the million-dollar question. 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: 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. 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: You were well-connected and had the expertise, but was it still a risky move? 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. 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. Athletes' ambitions don't end when they leave the field of play. If anything we are quite an introverted group, but we knew what we were talking about. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Copyright 2023 Equis Development Pte. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Will Others Follow? MELPOMENE: Have you ever been forced to rethink your life? Thomas has over 20 years experience working in a range of business development and energy trading roles. There is no substitute for hard work. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. But most importantly, if you want to be successful, youll have to work hard. 2023 High Net Worth All rights reserved. Lady E: David Russell's birthday bash gets Brighton - Heraldsun Private equity: The inside story of Equis and its partners' $800 David Charles Russell - Equis Pte. Ltd. - privatefunddata.com DAVID: Absolutely. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. But what has changed is the level of desperation applied to the business when its your own. Our People - equis.com.au 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Does Joo Chiat Need Another Italian Joint? 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: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. 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? 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. Tel: +65 6220 0040, Legal Notice & Terms of Use David Russell - Crunchbase Person Profile We also bought businesses, made them better and sold them off. 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. While were driving for business success, we formally make a point to give back to the community. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . David Russell - Oakland, California, United States - LinkedIn Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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 $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. In 2011, David established Equis Energy. Hartford, Connecticut, United States. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Business isnt as aggressive as its been dramatised to be. Kahn thought Anton was like Cary Grant. They used to work at Macquarie. These people deserve to be caught and punished, but they are certainly not the norm in the industry. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, CEO/Partner/Co-Founder, Equis Funds Group. So by removing the glass ceiling, we dont lose our senior people as we grow. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Equis Commissioned over 400MW of Renewable Energy Projects Russell received his M.F.A. Its not just gratuitous giving. Daniel LeeGroup Head, Corporate [email protected], Juwon ChaeGroup Head, Sustainability and Investor [email protected]. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. These governments need to grow and theyre putting in place very stable regulatory regimes. And thats very important because we now have 84 projects totaling close to 8 billion dollars. That deal was a second innings for the spin bowler. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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 is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Another guest wore a blazer bearing an Order of Australia gong on their lapel. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Do you worry about that? MELPOMENE: How do you envision the use of renewables in ten years time? Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. They are part of C-Suite Department and their management level is C-Level. 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. Equis awarded Taiwan's largest solar project at 70MW - PV Tech Alberici's new gig is chief strategy government relations and communications officer. One George Street, Singapore 049145 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. I think that helps people remain human in this business. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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 . We acknowledge that our school is on the Country of the people of the Kulin Nations. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. [email protected] 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . But there are a number of governments that came up with programmes to encourage investments in renewable energy. So while I was growing and being mentored, I had that slight frustration. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age Apr 2022 - Present11 months. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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? Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. They had reason to celebrate. 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. 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. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? We felt that we deserved to be paid well because we were certainly working hard. All rights reserved. The Projects will involve a capital investment of approximately A$400 million. It could become micro power grid systems where power is generated and distributed locally. Did you feel restricted by that? 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 Co-Founder, Managing Director. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. In 1998, David joined Macquarie Group, where he spent 12 years. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. Where does the fallout from the Adani crisis take India now? Photo: Domain. As for the finance background, well, youve got to know the numbers when it comes to running a business. MELPOMENE: Did your legal and finance background help you in this field? 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. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. This website uses cookies to improve your experience. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. Once I became nobody, a lot of those people actually went silent. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). DAVID K. RUSSELL. 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]. Its a matter of how theyll be utilised. There are already storage systems that are very profitable, and one of them is pump storage. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Its important to humble yourself. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. But to get to a certain point you have to think forward and consider all the paths and possibilities. Ltd. David Russell Apparently Pell was flanked by a number of priests. 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. 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. 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. 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. DAVID: Years ago, we were just moving paper around. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Will His AI Plans Be Any Different? 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. 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. Alberici starts on Monday. 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. That grew to be OzHarvest. Its not all hindsight. Monash University. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Over there, our local guys are empowered to identify and drive growth from bottom up. 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. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. 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. And guess who was right? His work has included regulatory advice, project delivery advice, and transactional advice. Interest is certainly high. Called the Lady E, it's available to charter for a cool $767,840 a week. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? About Us - Equis Development Pte. Ltd. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Credit:Jason South. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Congratulations to the Class of 2020, recording our best ever results. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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 . DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. DAVID: Theres an element of that. In the battery sector, the prices are falling but their performance is improving. "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. 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 $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. All rights reserved. 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. 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. She wasnt joking. Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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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. We acknowledge that our school is on the Country of the people of the Kulin Nations. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader 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.
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