We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. MELPOMENE: The project developers dont have the discretion to make decisions locally? Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. But what were we adding back to society? But what has changed is the level of desperation applied to the business when its your own. Will Others Follow? Youre right at the table with them as a trusted advisor. David Russell So by removing the glass ceiling, we dont lose our senior people as we grow. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. While were driving for business success, we formally make a point to give back to the community. 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 also bought businesses, made them better and sold them off. 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. Greater Newcastle Area. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? That deal was a second innings for the spin bowler. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. DAVID: Years ago, we were just moving paper around. Empower. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. Its human to fear what you dont understand. The combined power and large-scale generation certificates price of the Tailem Bend Solar Project is approximately 40% less than prevailing South Australian market prices, delivering significant savings to South Australian consumers. David Russell - Brighton Grammar: Leading Private School | Boys' School MELPOMENE: Why did you decide to target Asian markets? He covers the Asia Pacific region and is based in Singapore. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. Everything comes back to the numbers. 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. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Photo: Domain. Alberici vowed she would never front a TV show again after exiting the ABC. David Russell, Equis Group CEO, commented, As Asias 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 Australian consumers., Mr Russell noted, By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. Our locally based staff boast a strong understanding of rural and regional Australia. 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. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. MELPOMENE: Whats one thing off the top of your head? 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. His work has included regulatory advice, project delivery advice, and transactional advice. DAVID: Skydiving! In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Congratulations to the Class of 2020, recording our best ever results. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. David Russell - Head of Private Equity Asia and Greater China David Russell VZIO stock SEC Form 4 insiders trading He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Equis awarded Taiwan's largest solar project at 70MW - PV Tech 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. All rights reserved. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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 currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. 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. He has also written two books. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] David Russell - Crunchbase Person Profile David Russell Full Name: David Charles Russell Company: Equis Pte. Business isnt as aggressive as its been dramatised to be. 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. Russell received his M.F.A. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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. But her kids thought he was a phoney. 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 Archives - Saving with Solar The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. They had reason to celebrate. Equis Group appoints new partner and reveals management restructure David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . CRICOS Provider Code: 00132K. In 2011, David established Equis Energy. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. Those inside the restaurant overheard the dinner was held to mark his release from jail. Construction of the Collinsville North Solar Project is expected to commence in 2017. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Ltd. DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. 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. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. 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 Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Shane Warne sold the Brighton mansion for about $20m in 2018. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. David Russell - Equis Development Pte. Ltd. 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. Supply the annual power needs of 63,165 homes. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? 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. Athletes' ambitions don't end when they leave the field of play. California Weighs $360,000 in Reparations to Eligible Black Residents. 2023 Tatler Asia Limited. DAVID: Its all relative. Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Please try again later. Craig Marsh settled upon a black McLaren with carbon-fibre trims. When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. 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. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Its a matter of how theyll be utilised. Weve surprised the market with our growth, which now outstrips our previous employer, and you start to see a lot of these old relationships coming back. Emma Alberici has landed a new gig, and, as promised, it's not on TV. While were driving for business success, we formally make a point to give back to the community. Find contact details for 700 million professionals. 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. See reunion dates, update your details and give to BGS. DAVID K. RUSSELL. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Another guest wore a blazer bearing an Order of Australia gong on their lapel. In 1998, David joined Macquarie Group, where he spent 12 years. Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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. 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. 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.
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