So by removing the glass ceiling, we dont lose our senior people as we grow. In Asia, power has always been the number one sector to invest in, not renewable energy. In 2011, David established Equis Energy. Equis Group appoints new partner and reveals management restructure I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. 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. 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. Home | David K. Russell So while I was growing and being mentored, I had that slight frustration. 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. DAVID: It was awesome! The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. . We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. MELPOMENE: How do you envision the use of renewables in ten years time? Equis Commissions Additional 5 MW of Solar Projects in Taiwan In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. 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 graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Athletes' ambitions don't end when they leave the field of play. Equis Commissioned over 400MW of Renewable Energy Projects Equis Wins Public Tender to Develop Taiwan's Largest Solar Project 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 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. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. We felt that we deserved to be paid well because we were certainly working hard. 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. 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. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. 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. All rights reserved. Apr 2022 - Present11 months. DAVID: Even though Im the CEO, the decision-making is a collective process. 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. I think that helps people remain human in this business. And guess who was right? 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. Senectus et netus et malesuada fames ac turpis egestas sed. 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. In the battery sector, the prices are falling but their performance is improving. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. 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? She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. DAVID: Theres an element of that. 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. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Were a lot happier not only making money but also making a difference. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. Find contact details for 700 million professionals. 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 yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. David Russell Full Name: David Charles Russell Company: Equis Pte. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. 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. But most importantly, if you want to be successful, youll have to work hard. 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. They had reason to celebrate. 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. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education 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. 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Chris Wright is Asia editor. "I understand now how people can love a person who does awful things. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. David Eugene Russell Net Worth (2023) | wallmine After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. 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. MELPOMENE: Have you ever been forced to rethink your life? 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. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. He was charming and once flew her to Hong Kong for dinner. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. If anything we are quite an introverted group, but we knew what we were talking about. Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. David Russell VZIO stock SEC Form 4 insiders trading David Russell - Equis 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. Everything comes back to the numbers. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Musk Made a Mess at Twitter. Where does the fallout from the Adani crisis take India now? Supply the annual power needs of 63,165 homes. DAVID: As I became more senior in Macquarie, I thought that I was breaking through the politics and creating more autonomy for myself, when in fact I was just extending my network of relations within the organisation. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. 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, 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. His thesis and work explore the . DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. 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. Theres a whole bunch of things on there that I really dont want to do [laughs]. Once I became nobody, a lot of those people actually went silent. 2023 High Net Worth All rights reserved. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. This website uses cookies to improve your experience. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Equis becomes owner of USD-1.3 bn battery project in Victoria Ive always worked long hours and that hasnt changed. 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. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. A good thing, no doubt. DAVID: Skydiving! Alberici vowed she would never front a TV show again after exiting the ABC. David Russell David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. When the money cleared, the partners of Equis went shopping to celebrate. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. 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. "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. 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