We started to participate because we saw an opportunity to make good money and invest in a growing sector. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Another guest wore a blazer bearing an Order of Australia gong on their lapel. DAVID: Its definitely not who you know. 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. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. DAVID: It was awesome! 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. When I started out of university, my peer group worked really hard and they were more dedicated. As for the finance background, well, youve got to know the numbers when it comes to running a business. If theres a physical tussle over the South China Sea, its not going to affect our facilities. David Russell, Equis Funds Group: Profile and Biography - Bloomberg Markets Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Studio 1.0:Tony Xu, DoorDash CEO Bloomberg Radio The Big. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Search. 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. Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. In the battery sector, the prices are falling but their performance is improving. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. Musk Made a Mess at Twitter. Ltd. You connect it to the building, charge it up, and take it home to generate electricity for your house. "It was like the last supper," one onlooker said. MELPOMENE: Large corporations are almost inevitably hierarchical. When the money cleared, the partners of Equis went shopping to celebrate. 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. 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. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. They had reason to celebrate. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. These people deserve to be caught and punished, but they are certainly not the norm in the industry. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. Alberici's new gig is chief strategy government relations and communications officer. 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. DAVID: Definitely. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Others Named David Russell. He has delivered assets across the Asia-Pacific. 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: My legal background helped me because it gave me discipline and an eye for detail. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. Please try again later. This website uses cookies to improve your experience. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. 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]. Hartford, Connecticut, United States. 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. 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. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Russell received his M.F.A. Do you worry about that? 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. 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. Everything comes back to the numbers. 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. In India, Equis commissioned four wind projects in Andhra Pradesh, Madhya Pradesh and Gujarat with generation capacity of 206 MW, and a hydro project in Sikkim added another 96 MW of generation capacity. People say that Asia is developing, but their frameworks are far more developed than those in Europe. Equis Energy had a clear strategy of developing and constructing renewable energy generation assets in Asian rural areas, and David mandated that each investment support the health, education and infrastructure of the communities in which each asset was located, changing the lives of thousands of vulnerable parents and children. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. in Public Practice from Otis College of Art and Design in 2011. The other guests in the restaurant said they had to pinch themselves. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. David Russell earned his B.F.A. In 1998, David joined Macquarie Group, where he spent 12 years. 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. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. China Equities: Yesterdays Story or More Compelling Than Ever? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. 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. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Its not all hindsight. Our experience, expertise, proven track record and strong relationships allow us to develop world-class energy assets on time, on budget and to the highest standard. 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. They are part of C-Suite Department and their management level is C-Level. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Equis' team brings focus, experience, passion and conviction. California Weighs $360,000 in Reparations to Eligible Black Residents. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. See our. DAVID: Ive watched a couple and I always cringe [laughs]. Were sorry, this feature is currently unavailable. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Business isnt as aggressive as its been dramatised to be. Chris Wright is Asia editor. 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. Ive always worked long hours and that hasnt changed. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. He was far, far from perfect. 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. MELPOMENE: They went silent because you left Macquarie? What: Equis is focused 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 assets. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. 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're sure the builders are observing strict social distancing protocols during stage four lockdown. And guess who was right? 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. 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. 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 . He also has extensive investment and Mergers and Acquisitions experience in renewable energy across Asia. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. While were driving for business success, we formally make a point to give back to the community. A good thing, no doubt. The strategy of remaining quiet has worked well, but its now time to engage. Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. "I understand now how people can love a person who does awful things. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Apparently Pell was flanked by a number of priests. 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. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? The Projects will involve a capital investment of approximately A$400 million. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. David Russell owns over 45,212 units of Vizio stock worth over $35,578,497 and over the last 2 years David sold VZIO stock worth over $9,742,692. 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.