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. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. 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. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Bibendum arcu vitae elementum curabitur vitae nunc sed velit. He was charming and once flew her to Hong Kong for dinner. But he also told me theres no law stating that you cant act unreasonably [laughs]. When the money cleared, the partners of Equis went shopping to celebrate. DAVID: Ive watched a couple and I always cringe [laughs]. CRICOS Provider Code: 00132K. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. One George Street, Singapore 049145 Employ over 400 people during the construction phase. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. See reunion dates, update your details and give to BGS. They used to work at Macquarie. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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. Copyright 2023 Equis Development Pte. Interest is certainly high. The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. 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. 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. Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. MELPOMENE: They went silent because you left Macquarie? The strategy of remaining quiet has worked well, but its now time to engage. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. Not the David Russell you were looking for? He has also written two books. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. 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. Photo: Domain. Theres a whole bunch of things on there that I really dont want to do [laughs]. David Russell earned his B.F.A. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. See our. DAVID: It was awesome! 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. When I started out of university, my peer group worked really hard and they were more dedicated. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. We have the saying: You eat what you kill. 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. But most importantly, if you want to be successful, youll have to work hard. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. 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]. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. 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 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 We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Its not all hindsight. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. in Painting/ Art History from the University of Tulsa. 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. MELPOMENE: Has ownership changed your motivation towards work? 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: Its definitely not who you know. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. They had reason to celebrate. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. 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. Consequat id porta nibh. 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. Ltd. DAVID: They worked hard. 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. 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. 2023 Tatler Asia Limited. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. Empower. You can only aspire to be like them. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. I think that helps people remain human in this business. Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. Search. Everything comes back to the numbers. 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. 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. 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. Alberici's new gig is chief strategy government relations and communications officer. Emma Alberici has landed a new gig, and, as promised, it's not on TV. Credit:Jason South. 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. They are part of C-Suite Department and their management level is C-Level. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. We definitely know a lot of people, but this business was not built on that. 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. MELPOMENE: Whats one thing off the top of your head? 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. 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. A good thing, no doubt. MELPOMENE: Skadden has a terrific reputation, how was it like working there? DAVID: Its all relative. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks.