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. 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. Equis' team brings focus, experience, passion and conviction. 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: Do you think that giving people ownership is the way to motivate them? MELPOMENE: Why did you decide to strike out on your own? 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. 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. But what has changed is the level of desperation applied to the business when its your own. 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. As for the finance background, well, youve got to know the numbers when it comes to running a business. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . 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. 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. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. David Russell 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 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. 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. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. I think that helps people remain human in this business. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. MELPOMENE: How do you envision the use of renewables in ten years time? 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We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Hartford, Connecticut, United States. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. But what were we adding back to society? DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. DAVID: I do. 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 . We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. DAVID: Skydiving! "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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. As Asias largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the worlds fastestgrowing renewable energy market., Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. David Russell VZIO stock SEC Form 4 insiders trading All rights reserved. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Vignesh has over 7 years experience in infrastructure investment and development across Asia. She wasnt joking. 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. Monash University. Youre right at the table with them as a trusted advisor. Will Others Follow? In 2011, David established Equis Energy. Once I became nobody, a lot of those people actually went silent. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Its human to fear what you dont understand. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. 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. 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. See our. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Our locally based staff boast a strong understanding of rural and regional Australia. MELPOMENE: Is what you know or who you know more important? 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. 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. 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. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. Its not all hindsight. DAVID: It was awesome! US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. All rights reserved. The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. Athletes' ambitions don't end when they leave the field of play. David Russell Full Name: David Charles Russell Company: Equis Pte. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. You can only aspire to be like them. Empower. Called the Lady E, it's available to charter for a cool $767,840 a week. This website uses cookies to improve your experience. By submitting this form, I agree to these terms and conditions. While were driving for business success, we formally make a point to give back to the community. Congratulations to the Class of 2020, recording our best ever results. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. Photo: Domain. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. People say that Asia is developing, but their frameworks are far more developed than those in Europe. When the money cleared, the partners of Equis went shopping to celebrate. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. Secondly, hierarchical environments create ceilings and politics. So by removing the glass ceiling, we dont lose our senior people as we grow. Employ over 400 people during the construction phase. 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. Apparently Pell was flanked by a number of priests. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Business isnt as aggressive as its been dramatised to be. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. 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. Where does the fallout from the Adani crisis take India now? 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. 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. An army of builders is carrying out a $5.9 million upgrade at the heritage property, famously owned (not once, but twice) by former Test cricketer Shane Warne. Like the Mosman house, Marshs purchase on the Noosa waterfront is also expected to be a rebuild, withDA plans for a rebuild already lodged with Noosa Council. When I started out of university, my peer group worked really hard and they were more dedicated. We also bought businesses, made them better and sold them off. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . Thomas has over 20 years experience working in a range of business development and energy trading roles. The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. Others Named David Russell. They had reason to celebrate. But to get to a certain point you have to think forward and consider all the paths and possibilities. DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Separately, development approval has recently been obtained from the Whitsunday Regional Council for a 100MWAC solar project in Collinsville North, Queensland, Australia (Collinsville North Solar Project), to be constructed on land close to the Collinsville North substation. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. DAVID: Ive watched a couple and I always cringe [laughs]. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. US$5 billion sale of Equis Energy prompts Craig Marsh's high end real estate splurge, The Rosenthal family owned this three-bedroom house at Clifton Gardens since the 1940s. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. David Russell. Its not just gratuitous giving. MELPOMENE: Have you ever been forced to rethink your life? In the battery sector, the prices are falling but their performance is improving. We're sure the builders are observing strict social distancing protocols during stage four lockdown. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. The other guests in the restaurant said they had to pinch themselves. People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. MELPOMENE: Is it important that the work you do creates value for society? Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). If theres a physical tussle over the South China Sea, its not going to affect our facilities. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects.. 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 . DAVID: Thats the million-dollar question. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. DAVID: Years ago, we were just moving paper around. 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. MELPOMENE: The project developers dont have the discretion to make decisions locally? David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Our purpose is to help current and future generations of Australians and we wont stop until we doso. 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