On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. But her kids thought he was a phoney. 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. That deal was a second innings for the spin bowler. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. By submitting this form, I agree to these terms and conditions. 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, 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. 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 Will His AI Plans Be Any Different? Ltd. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. 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. 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. 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. 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. 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 $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. DAVID: My legal background helped me because it gave me discipline and an eye for detail. In 2011, David established Equis Energy. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. See our. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. 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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. Its human to fear what you dont understand. Alberici starts on Monday. Russell received his M.F.A. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? 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. in Painting/ Art History from the University of Tulsa. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. He has delivered assets in Europe, Middle East and Australia. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? Search. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. Congratulations to the Class of 2020, recording our best ever results. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. MELPOMENE: Is what you know or who you know more important? David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Interest is certainly high. 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. MELPOMENE: They went silent because you left Macquarie? MELPOMENE: The project developers dont have the discretion to make decisions locally? We also bought businesses, made them better and sold them off. Athletes' ambitions don't end when they leave the field of play. DAVID: I do. There is no substitute for hard work. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. But most importantly, if you want to be successful, youll have to work hard. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. He was far, far from perfect. 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. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Alberici vowed she would never front a TV show again after exiting the ABC. 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. But what has changed is the level of desperation applied to the business when its your own. Its not just gratuitous giving. 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. David Russell Full Name: David Charles Russell Company: Equis Pte. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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 has also written two books. Shane Warne sold the Brighton mansion for about $20m in 2018. Emma Alberici has landed a new gig, and, as promised, it's not on TV. DAVID K. RUSSELL. But to get to a certain point you have to think forward and consider all the paths and possibilities. DAVID: Even though Im the CEO, the decision-making is a collective process. Musk Made a Mess at Twitter. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. A good thing, no doubt. MELPOMENE: Did your legal and finance background help you in this field? Were a lot happier not only making money but also making a difference. 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. 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. 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. MELPOMENE: Has ownership changed your motivation towards work? 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. 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. Ltd. 2023 Tatler Asia Limited. 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.. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Consequat id porta nibh. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. 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. People start thinking that these are the bad guys, but based on my experience, its not the case. The Projects will involve a capital investment of approximately A$400 million. The strategy of remaining quiet has worked well, but its now time to engage. 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? 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Apr 2022 - Present11 months. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Were working to restore it. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? 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. 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: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. 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. Its important to humble yourself. If anything we are quite an introverted group, but we knew what we were talking about. Senectus et netus et malesuada fames ac turpis egestas sed. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. 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. I think that helps people remain human in this business. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. 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%. Hartford, Connecticut, United States. 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.