david russell, equiskwwl reporter fired
14 de abril, 2023 por
David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. They had reason to celebrate. We started to participate because we saw an opportunity to make good money and invest in a growing sector. He has also written two books. 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. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Supply the annual power needs of 63,165 homes. 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. 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. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. People start thinking that these are the bad guys, but based on my experience, its not the case. I think that helps people remain human in this business. 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. MELPOMENE: Why did you decide to strike out on your own? Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. 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. David Russell earned his B.F.A. DAVID: Skydiving! Were sorry, this feature is currently unavailable. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. One George Street, Singapore 049145 DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Chris Wright is Asia editor. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. 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. 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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. 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 Helping Scaling SaaS and Renewables companies find the best talent Ireland. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Secondly, hierarchical environments create ceilings and politics. Consequat id porta nibh. If anything we are quite an introverted group, but we knew what we were talking about. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. 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. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. There is no substitute for hard work. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. He was charming and once flew her to Hong Kong for dinner. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. That deal was a second innings for the spin bowler. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. MELPOMENE: They went silent because you left Macquarie? DAVID: They are expected to chase and secure opportunities, and I review their decisions just to make sure that what we put in place for, say the Philippines, is consistent across our entire business. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. You can only aspire to be like them. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? In contrast, if you look at Spain, the government gave concessions to the developers but re-regulated when they realised they couldnt afford to buy power. MELPOMENE: Is it important that the work you do creates value for society? David Russell VZIO stock SEC Form 4 insiders trading He was far, far from perfect. 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 He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. 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 estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. DAVID: They worked 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. Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Alberici starts on Monday. 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. 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. Find out more. 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. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Several months earlier a consortium led by Global Infrastructure Partners (GIP), with partners including the China Investment Corporation sovereign wealth fund, had agreed to buy the renewable energy asset portfolio of Equis, a Singapore-headquartered independent infrastructure asset manager, for $5 billion. In 1998, David joined Macquarie Group, where he spent 12 years. 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. Good Graces Doesnt Need Much to Get in Your Good Books, Tiger Artist Tan Seng Yong Captures War and Peace Through His Work, Never-Seen-Before Exhibition of Andy Warhols Photography at Hotel Bel-Air, Singapores Oldest Living Pioneer Artist Has an Exhibition and Book Out, Artist Camilla Engstrm Is What the World Needs Right Now, The Lowdown on Barcelonas Most Stylish Hotel, The Standard Set to Open Its Asia Flagship Hotel in May, Why This Space-Inspired Luxury Camp in Antarctica Costs US$65,000, The Destination You Should Visit in 2022, Based on Your Chinese Zodiac, Bang & Olufsens New Beosound Theatre Is the Best Soundbar Out There, Hublot Drops Limited-Edition Watch With Crypto Company Ledger, The SaleSales Dempsey Pop-Up Offers Luxury Fashion Deals From Famous Brands, Bang & Olufsen and CLOT Release Blood Red Beosound A1 Speaker, Rolls-Royce Spectre: The Worlds Most Luxurious Electric Car, Lamborghinis Urus Performante Is a Next-Level Super SUV, Aston Martin Has Built Its First DBX707 Customer Car, Self-Partnership Isnt Just for Single People, Tan Kheng Hua: Stay-Home Notice? Greater Newcastle Area. In October 2017, Equis sold Equis Energy to a Global Infrastructure Partners led consortium for US$5 billion, the largest renewable energy transaction in history at the time. David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. DAVID: Its definitely not who you know. "It was like the last supper," one onlooker said. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. MELPOMENE: Why did you decide to target Asian markets? 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. 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. His work has included regulatory advice, project delivery advice, and transactional advice. 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 . Its human to fear what you dont understand. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. Interest is certainly high. Everything comes back to the numbers. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. This website uses cookies to improve your experience. But what were we adding back to society? 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. David Russell As for the finance background, well, youve got to know the numbers when it comes to running a business. Empower. 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Photo: Domain. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Search. 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. 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. But most importantly, if you want to be successful, youll have to work hard. Co-Founder, Managing Director. 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. 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. 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]. Did you feel restricted by that? These governments need to grow and theyre putting in place very stable regulatory regimes. MELPOMENE: Have you ever been forced to rethink your life? Over there, our local guys are empowered to identify and drive growth from bottom up. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. 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. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. 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. They are part of C-Suite Department and their management level is C-Level. Privacy Policy. Copyright 2023 Equis Development Pte. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. MELPOMENE: How do you envision the use of renewables in ten years time? Please try again later. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. 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. 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. 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 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 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. 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. Those who want to work 9 to 5 will be successful in certain types of careers, but what we do here requires a lot of hard work. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . Its a matter of how theyll be utilised. Were working to restore it. Find contact details for 700 million professionals. 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.. Do you worry about that? DAVID: Its all relative. 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. 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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. We felt that we deserved to be paid well because we were certainly working hard. 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 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 . MELPOMENE: Is what you know or who you know more important? MELPOMENE: Did your legal and finance background help you in this field? MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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: 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. Employ over 400 people during the construction phase. DAVID: We have that in our business model by having compensation tied to the performance of the business through carried interest. Vignesh has over 7 years experience in infrastructure investment and development across Asia. That grew to be OzHarvest. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? 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. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Does Joo Chiat Need Another Italian Joint? We are committed and responsive to the communities we serve. 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. 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. 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. We definitely know a lot of people, but this business was not built on that. Shane Warne sold the Brighton mansion for about $20m in 2018. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. But what has changed is the level of desperation applied to the business when its your own. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. 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 CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Credit:Jason South. His thesis and work explore the . Ive always worked long hours and that hasnt changed. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Dont Neglect Succession Planning, Manulife Singapore Offers Digital Payments Via PayNow, FWD Insurance Launches Electronic Claims Payments via PayNow, 1-Michelin-Starred Marguerite Shines With an Invigorating Spring Menu. 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. DAVID: It was awesome! DAVID: Even though Im the CEO, the decision-making is a collective process. Copyright 2023 Brighton Grammar School. 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. A good thing, no doubt. 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. 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? 2023 High Net Worth All rights reserved. Those inside the restaurant overheard the dinner was held to mark his release from jail. David Russell. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. But to get to a certain point you have to think forward and consider all the paths and possibilities. Its important to humble yourself. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. They had reason to celebrate. 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. We acknowledge that our school is on the Country of the people of the Kulin Nations. DAVID: Definitely. Apparently Pell was flanked by a number of priests. 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. When I started out of university, my peer group worked really hard and they were more dedicated. Senectus et netus et malesuada fames ac turpis egestas sed. 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%. We may no longer need to build big cathedral type power facilities and expensive distribution systems. Athletes' ambitions don't end when they leave the field of play. It could become micro power grid systems where power is generated and distributed locally. Alberici's new gig is chief strategy government relations and communications officer. "I understand now how people can love a person who does awful things. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. In the battery sector, the prices are falling but their performance is improving. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. 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: Does the intermittency of solar and wind energy coupled with the lack of storage capabilities mean theres a limit to how much you can invest?
Weld County Court Records Request,
Articles D