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 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. Find contact details for 700 million professionals. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. Its human to fear what you dont understand. We also bought businesses, made them better and sold them off. 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. 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. David Eugene Russell Net Worth (2023) | wallmine David Russell Full Name: David Charles Russell Company: Equis Pte. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT His thesis and work explore the . 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. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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? CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 2023 High Net Worth All rights reserved. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. 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. 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. 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. China Equities: Yesterdays Story or More Compelling Than Ever? Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. In contrast, if you look at Spain, the government gave concessions to the developers but re-regulated when they realised they couldnt afford to buy power. David Russell | Sad Business School 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. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. MELPOMENE: They went silent because you left Macquarie? David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. They had reason to celebrate. 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. David Russell - Head of Private Equity Asia and Greater China 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. 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. 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. Search. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. That grew to be OzHarvest. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. Alberici starts on Monday. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. DAVID: Definitely. MELPOMENE: How has it been different at Equis? While were driving for business success, we formally make a point to give back to the community. David Russell, Equis Funds Group: Profile and Biography David Russell - Director, Technology Practices and Standards - LinkedIn DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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: Is it important that the work you do creates value for society? Were a lot happier not only making money but also making a difference. 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. Everything comes back to the numbers. 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. 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. 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. These governments need to grow and theyre putting in place very stable regulatory regimes. 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. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. If theres a physical tussle over the South China Sea, its not going to affect our facilities. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. David Russell - Crunchbase Person Profile But he also told me theres no law stating that you cant act unreasonably [laughs]. Not the David Russell you were looking for? But to get to a certain point you have to think forward and consider all the paths and possibilities. Equis Group appoints new partner and reveals management restructure 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 . It could become micro power grid systems where power is generated and distributed locally. But most importantly, if you want to be successful, youll have to work hard. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. 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. See our. Interest is certainly high. 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. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. MELPOMENE: Large corporations are almost inevitably hierarchical. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. He was charming and once flew her to Hong Kong for dinner. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 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. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Its not all hindsight. Equis Commissions Additional 5 MW of Solar Projects in Taiwan 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. 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. He has delivered assets across the Asia-Pacific. Athletes' ambitions don't end when they leave the field of play. Thats My Happy Place!, Rediscovering Myself Through My Sons Special Needs, Dr Wealths Alvin Chow: I Turned My Passion Into a Mission, Meet Shin Lim, the Magician Who Wowed America, This New Clinic Wants You to Get Proactive About Preventive Care, Graphic Artist Malika Favre on Pioneering Her Own Pop and Op Art Style, The World of Cats According to Author-Illustrator Susie Yi, Influential Brands Survey Shows How Prominent Brands in Singapore Overcame Covid-19 Challenges, The Secret to Beijing Tong Ren Tangs 350-Year Longevity, Influential Brands Launches Two New Platforms for Business Leaders and Influencers, Why Raffles Hotel Singapore Is One of the Best Companies to Work for. DAVID: Theres an element of that. 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. 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: We have that in our business model by having compensation tied to the performance of the business through carried interest. Privacy Policy. Do you worry about that? 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. California Weighs $360,000 in Reparations to Eligible Black Residents. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. This website uses cookies to improve your experience. All rights reserved. See reunion dates, update your details and give to BGS. MELPOMENE: How do you envision the use of renewables in ten years time? As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. 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. 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. 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. 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. Senectus et netus et malesuada fames ac turpis egestas sed. The strategy of remaining quiet has worked well, but its now time to engage. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. People start thinking that these are the bad guys, but based on my experience, its not the case. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader They are part of C-Suite Department and their management level is C-Level. These people deserve to be caught and punished, but they are certainly not the norm in the industry. 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. Those inside the restaurant overheard the dinner was held to mark his release from jail. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. MELPOMENE: Whats one thing off the top of your head?

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