david russell, equis10 marca 2023
But he also told me theres no law stating that you cant act unreasonably [laughs]. DAVID K. RUSSELL. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. So by removing the glass ceiling, we dont lose our senior people as we grow. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. Those inside the restaurant overheard the dinner was held to mark his release from jail. 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. 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. He was charming and once flew her to Hong Kong for dinner. 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. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. 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. Another guest wore a blazer bearing an Order of Australia gong on their lapel. 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. 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]. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. 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: I am always trying to take on more responsibility or have more control over what Im doing. in Public Practice from Otis College of Art and Design in 2011. Not the David Russell you were looking for? We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Co-Founder, Managing Director. Equis' team brings focus, experience, passion and conviction. 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 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: Ive watched a couple and I always cringe [laughs]. All rights reserved. See reunion dates, update your details and give to BGS. Yes, Only if Its Forma. Privacy Policy. But what has changed is the level of desperation applied to the business when its your own. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. 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. 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. Once I became nobody, a lot of those people actually went silent. MELPOMENE: Why did you decide to target Asian markets? DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. 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.. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. Search. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Our purpose is to help current and future generations of Australians and we wont stop until we doso. But her kids thought he was a phoney. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. We acknowledge that our school is on the Country of the people of the Kulin Nations. While were driving for business success, we formally make a point to give back to the community. Consequat id porta nibh. 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. See our. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Credit:Jason South. Alberici's new gig is chief strategy government relations and communications officer. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. 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. 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. But even if we were to assume no change in battery technology, over the next 4 or 5 years, we need another $1.1 trillion just for the renewable energy space in Asia. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Alberici vowed she would never front a TV show again after exiting the ABC. 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. Business isnt as aggressive as its been dramatised to be. . Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. Do you worry about that? Shane Warne sold the Brighton mansion for about $20m in 2018. MELPOMENE: Is it important that the work you do creates value for society? These people deserve to be caught and punished, but they are certainly not the norm in the industry. Monash University. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. While were driving for business success, we formally make a point to give back to the community. Were working to restore it. He has delivered assets across the Asia-Pacific. 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. Where does the fallout from the Adani crisis take India now? 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. 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. 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 His thesis and work explore the . MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? 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. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Did you feel restricted by that? People start thinking that these are the bad guys, but based on my experience, its not the case. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? 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. Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Alberici starts on Monday. Equis Energy , AsiaPacific's largest renewable energy IPP, has been awarded a contract by Taiwan's Ministry of Economic Affairs' Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County's Yizhu Township. David Russell, partner and co-founder of Equis comments, "Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen . He has also written two books. David Russell VZIO stock SEC Form 4 insiders trading But to get to a certain point you have to think forward and consider all the paths and possibilities. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. "I understand now how people can love a person who does awful things. 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. He led Equis development of wind and hydro projects in 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. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. MELPOMENE: Why did you decide to strike out on your own? Senectus et netus et malesuada fames ac turpis egestas sed. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Will Others Follow? If theres a physical tussle over the South China Sea, its not going to affect our facilities. 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. 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. MELPOMENE: Was your background crucial to your success? 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. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market We acknowledge that our school is on the Country of the people of the Kulin Nations. 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. DAVID: I do. But most importantly, if you want to be successful, youll have to work hard. 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%. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. 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. 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 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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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 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. 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. They had reason to celebrate. Its a matter of how theyll be utilised. Our locally based staff boast a strong understanding of rural and regional Australia. 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. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. DAVID: Skydiving! His work has included regulatory advice, project delivery advice, and transactional advice. 2023 Tatler Asia Limited. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Please try again later. Ive always worked long hours and that hasnt changed. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Youre right at the table with them as a trusted advisor. Kahn thought Anton was like Cary Grant. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Musk Made a Mess at Twitter. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. When I started out of university, my peer group worked really hard and they were more dedicated. 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. We also bought businesses, made them better and sold them off. DAVID: It was awesome! Warnie, whose acumen in real estate is starting to rival his spin bowling prowess, had bought the 3000sq m property, which he once dubbed his favourite house, for $14.25m, 18 months before selling it to the Russells. DAVID: Definitely. 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. Emma Alberici has landed a new gig, and, as promised, it's not on TV. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. They used to work at Macquarie. California Weighs $360,000 in Reparations to Eligible Black Residents. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. 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. You can only aspire to be like them. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game.
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