The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . DAVID: Theres an element of that. He has delivered assets across the Asia-Pacific. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. 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. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. When I left my previous employer, I didnt realize how risky it actually was. 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. By submitting this form, I agree to these terms and conditions. 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. 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 All rights reserved. Those inside the restaurant overheard the dinner was held to mark his release from jail. DAVID: Skydiving! Craig Marsh settled upon a black McLaren with carbon-fibre trims. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. You can only aspire to be like them. Greater Newcastle Area. We started to participate because we saw an opportunity to make good money and invest in a growing sector. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 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. 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. 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: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? David Russell Full Name: David Charles Russell Company: Equis Pte. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. DAVID K. RUSSELL. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Will Others Follow? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. DAVID: Absolutely. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? In addition, the Tailem Bend Solar Project has been developed to facilitate large scale battery storage further enhancing the base load like nature of the projects..
David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. We felt that we deserved to be paid well because we were certainly working hard. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. The strategy of remaining quiet has worked well, but its now time to engage. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite.
Conversations with David Russell | High Net Worth Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 2023 High Net Worth All rights reserved. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Russell received his M.F.A. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now.
David Charles Russell - Equis Pte. Ltd. - privatefunddata.com She wasnt joking. Its not all hindsight. California Weighs $360,000 in Reparations to Eligible Black Residents. We're sure the builders are observing strict social distancing protocols during stage four lockdown. See reunion dates, update your details and give to BGS. 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. Apr 2022 - Present11 months. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. 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. He covers the Asia Pacific region and is based in Singapore. But he also told me theres no law stating that you cant act unreasonably [laughs]. in Public Practice from Otis College of Art and Design in 2011. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? DAVID: Thats the million-dollar question. She managed a renewable energy portfolio of over 625MW in Australia, sat on the board of Avertas Waste to Energy as well as managed transport and social infrastructure projects. Copyright 2023 Equis Development Pte. 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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.
Private equity: The inside story of Equis and its partners' $800 Our People - equis.com.au Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Once I became nobody, a lot of those people actually went silent. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. 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. 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
[email protected], Juwon ChaeGroup Head, Sustainability and Investor
[email protected]. Were working to restore it. 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. Youre right at the table with them as a trusted advisor. Co-Founder, Managing Director. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. He led Equis development of wind and solar projects in the Philippines. 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. Please try again later. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Musk Made a Mess at Twitter. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. But most importantly, if you want to be successful, youll have to work hard. 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. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. The Projects will involve a capital investment of approximately A$400 million. DAVID: Even though Im the CEO, the decision-making is a collective process. DAVID: Ive watched a couple and I always cringe [laughs].
Equis awarded Taiwan's largest solar project at 70MW - PV Tech When the money cleared, the partners of Equis went shopping to celebrate. People hear about all these guys making so much money and they fear that its because theyre doing something theyre not supposed to be doing.
David Russell is buying the real estate dream | The Australian Equis Wins Public Tender to Develop Taiwan's Largest Solar Project David is also . The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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? And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. MELPOMENE: Is what you know or who you know more important? Did you feel restricted by that? But there are a number of governments that came up with programmes to encourage investments in renewable energy. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy 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. MELPOMENE: Whats one thing off the top of your head? We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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. 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. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. 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.
US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. His work has included regulatory advice, project delivery advice, and transactional advice. It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. DAVID: I do. People say that Asia is developing, but their frameworks are far more developed than those in Europe. 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. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. 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. 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 . While were driving for business success, we formally make a point to give back to the community. Interest is certainly high. The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. While were driving for business success, we formally make a point to give back to the community. 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.