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. Our People - equis.com.au MELPOMENE: Why did you decide to strike out on your own? But there are a number of governments that came up with programmes to encourage investments in renewable energy. David Russell VZIO stock SEC Form 4 insiders trading Theres a whole bunch of things on there that I really dont want to do [laughs]. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. DAVID: Its definitely not who you know. When I started out of university, my peer group worked really hard and they were more dedicated. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. MELPOMENE: Why did you decide to target Asian markets? "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. . As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. MELPOMENE: Is what you know or who you know more important? David Eugene Russell Net Worth (2023) | wallmine Copyright 2023 Equis Development Pte. 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. 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. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project You connect it to the building, charge it up, and take it home to generate electricity for your house. Apr 2022 - Present11 months. We felt that we deserved to be paid well because we were certainly working hard. 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. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Congratulations to the Class of 2020, recording our best ever results. Everything comes back to the numbers. David Russell - Equis Development Pte. Ltd. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Interest is certainly high. David Russell. 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. DAVID: Ive watched a couple and I always cringe [laughs]. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. 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. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and 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. The other guests in the restaurant said they had to pinch themselves. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. Find contact details for 700 million professionals. Ltd. 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. 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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. Co-Founder, Managing Director. When I interview young people now, I hear more and more of them talk about work-life balancesomething that we never talked about when I was younger. He led Equis development of wind and hydro projects in India. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. 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. 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. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? DAVID: Absolutely. There is no substitute for hard work. Equis awarded Taiwan's largest solar project at 70MW - PV Tech She wasnt joking. David Russell - Equis I think that helps people remain human in this business. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. China Equities: Yesterdays Story or More Compelling Than Ever? 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. 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. He led Equis development of wind and solar projects in the Philippines. We also bought businesses, made them better and sold them off. 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. We may no longer need to build big cathedral type power facilities and expensive distribution systems. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? 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. Greater Newcastle Area. DAVID: Even though Im the CEO, the decision-making is a collective process. Another guest wore a blazer bearing an Order of Australia gong on their lapel. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. 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. Privacy Policy. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. All rights reserved. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Its not just gratuitous giving. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. Does Joo Chiat Need Another Italian Joint? For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. When the money cleared, the partners of Equis went shopping to celebrate. 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. One George Street, Singapore 049145 Equis to Develop 1,000 MW Solar Project in Queensland, Australia David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. 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 David Russell | Tatler Asia 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.