Its interesting how that has come full circle. Others Named David Russell. And guess who was right? MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? Outside of work, its important to be approachable and to talk to people, grab a beer with them, and let them know that I shouldnt be treated differently. 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But what has changed is the level of desperation applied to the business when its your own. MELPOMENE: Do you think that giving people ownership is the way to motivate them? "It was like the last supper," one onlooker said. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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.. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Where does the fallout from the Adani crisis take India now? 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. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. People say that Asia is developing, but their frameworks are far more developed than those in Europe. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. MELPOMENE: Have you ever been forced to rethink your life? 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. She wasnt joking. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. David Russell VZIO stock SEC Form 4 insiders trading His thesis and work explore the . 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. When I started out of university, my peer group worked really hard and they were more dedicated. 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. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. He has delivered assets across the Asia-Pacific. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. DAVID: It was awesome! Co-Founder, Managing Director. Secondly, hierarchical environments create ceilings and politics. Alberici vowed she would never front a TV show again after exiting the ABC. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. These governments need to grow and theyre putting in place very stable regulatory regimes. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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. David Russell. 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. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. They are part of C-Suite Department and their management level is C-Level. 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. 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. 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. Will Others Follow? DAVID: Technology and mindsets are evolving rapidly. DAVID: Its definitely not who you know. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. 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. But what were we adding back to society? So by removing the glass ceiling, we dont lose our senior people as we grow. He led Equis development of wind and hydro projects in India. 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. The Projects will involve a capital investment of approximately A$400 million. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. David Russell They had reason to celebrate. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. 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 . They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. MELPOMENE: How do you envision the use of renewables in ten years time? California Weighs $360,000 in Reparations to Eligible Black Residents. 2023 Tatler Asia Limited. 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, Equis Chairman, said: "As Asia-Pacific's largest renewable energy IPP, Equis is pleased to be playing an important role in Taiwan's transition to low-cost, clean energy. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. The strategy of remaining quiet has worked well, but its now time to engage. It could become micro power grid systems where power is generated and distributed locally. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Business isnt as aggressive as its been dramatised to be. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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. Everything comes back to the numbers. Its important to humble yourself. 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. But most importantly, if you want to be successful, youll have to work hard. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. I think that helps people remain human in this business. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? In Asia, power has always been the number one sector to invest in, not renewable energy. Copyright 2023 Equis Development Pte. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. MELPOMENE: Did your legal and finance background help you in this field? He has also written two books. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? DAVID: Thats the million-dollar question. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. His work has included regulatory advice, project delivery advice, and transactional advice. 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. Equis Energy had a clear strategy of developing and constructing renewable energy generation assets in Asian rural areas, and David mandated that each investment support the health, education and infrastructure of the communities in which each asset was located, changing the lives of thousands of vulnerable parents and children. DAVID: Even though Im the CEO, the decision-making is a collective process. David is also . The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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. At work, I am direct with people and I encourage them to be the same with me. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Search. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 2023 High Net Worth All rights reserved. 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. 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. being driven to the Seminary of the Good Shepherd. 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. 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. 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: Is what you know or who you know more important? Consequat id porta nibh. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. We felt that we deserved to be paid well because we were certainly working hard. In 1998, David joined Macquarie Group, where he spent 12 years. Credit:Jason South. 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. They had reason to celebrate. This website uses cookies to improve your experience. Copyright 2023 Brighton Grammar School. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. By submitting this form, I agree to these terms and conditions. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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 is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Will His AI Plans Be Any Different? 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. Yes, Only if Its Forma. We may no longer need to build big cathedral type power facilities and expensive distribution systems. DAVID: Ive watched a couple and I always cringe [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. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Supply the annual power needs of 63,165 homes. You can only aspire to be like them. 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. That grew to be OzHarvest. DAVID: They worked hard. 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. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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 . I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. 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. Were a lot happier not only making money but also making a difference. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . 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. Does Joo Chiat Need Another Italian Joint? MELPOMENE: They went silent because you left Macquarie? ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. 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.
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