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. 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. 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. 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. 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. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Founding partner and chief executive David Russell has reportedly paid close to $20 million for the Melbourne estate in Brighton of cricket legend Shane Warne, and added a Noosa getaway of his own when he paid $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. 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 $9,742,692. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. But what were we adding back to society? As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. These people deserve to be caught and punished, but they are certainly not the norm in the industry. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. David Russell DAVID: Absolutely. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. 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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? DAVID: Theres an element of that. Copyright 2023 Equis Development Pte. He led Equis development of wind and solar projects in the Philippines. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Tel: +65 6220 0040, Legal Notice & Terms of Use Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. 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$5bn of equity for Asian private equity That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they werent focused on markets like Thailand and the Philippines. MELPOMENE: Has ownership changed your motivation towards work? Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. Its important to humble yourself. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. We also bought businesses, made them better and sold them off. In Asia, power has always been the number one sector to invest in, not renewable energy. Where: Developed markets across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 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 . 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]. 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. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Interest is certainly high. She wasnt joking. But her kids thought he was a phoney. California Weighs $360,000 in Reparations to Eligible Black Residents. Its human to fear what you dont understand. Its a matter of how theyll be utilised. And thats very important because we now have 84 projects totaling close to 8 billion dollars. They are part of C-Suite Department and their management level is C-Level. 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. 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: Skydiving! 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: Years ago, we were just moving paper around. 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. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. DAVID: I do. MELPOMENE: Large corporations are almost inevitably hierarchical. 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? 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. 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. 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 $20 million in an off-market deal in 2018. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Asia-Pacific-focused renewables designer Equis Development Pte Ltd has actually taken control of an AUD-1.9-billion (USD 1.28 bn/EUR 1.23 bn) battery energy storage space project near Melbourne, Victoria, and is now relaunching it with a new name as well as increased capacity. Alberici vowed she would never front a TV show again after exiting the ABC. When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. 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. 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: 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. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Others Named David Russell. So while I was growing and being mentored, I had that slight frustration. Ltd. David Russell, Equis Group CEO, commented, "As Asia's 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 . 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. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. Apr 2022 - Present11 months. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. If theres a physical tussle over the South China Sea, its not going to affect our facilities. He was charming and once flew her to Hong Kong for dinner. People say that Asia is developing, but their frameworks are far more developed than those in Europe. 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. MELPOMENE: Why did you decide to target Asian markets? 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.. The combined power and large-scale generation certificates price of the Tailem Bend Solar Project is approximately 40% less than prevailing South Australian market prices, delivering significant savings to South Australian consumers. 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. Photo: Domain. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. 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. 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. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. 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. Did you feel restricted by that? As Asia's largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the world's fastestgrowing renewable energy market All rights reserved. Supply the annual power needs of 63,165 homes. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. 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. Apparently Pell was flanked by a number of priests. Theres a whole bunch of things on there that I really dont want to do [laughs]. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Our purpose is to help current and future generations of Australians and we wont stop until we doso. The other guests in the restaurant said they had to pinch themselves. Its interesting how that has come full circle. While were driving for business success, we formally make a point to give back to the community. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. Congratulations to the Class of 2020, recording our best ever results. In 1998, David joined Macquarie Group, where he spent 12 years. Senectus et netus et malesuada fames ac turpis egestas sed. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Its not just gratuitous giving. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? We acknowledge that our school is on the Country of the people of the Kulin Nations. 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.