He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. 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. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". As for the finance background, well, youve got to know the numbers when it comes to running a business. Greater Newcastle Area. He led Equis development of wind and hydro projects in India. But to get to a certain point you have to think forward and consider all the paths and possibilities. 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. All rights reserved. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. If anything we are quite an introverted group, but we knew what we were talking about. 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 "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. So by removing the glass ceiling, we dont lose our senior people as we grow. 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. MELPOMENE: Do you think that giving people ownership is the way to motivate them? Consequat id porta nibh. All rights reserved. To be developed entirely by Equis, the Tailem Bend Solar Project and Collinsville North Solar Project will bring the number of renewable energy projects under development and construction by Equis to 49. Called the Lady E, it's available to charter for a cool $767,840 a week. 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We acknowledge that our school is on the Country of the people of the Kulin Nations. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Where does the fallout from the Adani crisis take India now? At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Monash University. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . MELPOMENE: Is what you know or who you know more important? 2023 High Net Worth All rights reserved. Apparently Pell was flanked by a number of priests. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. Please try again later. 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. Employ over 400 people during the construction phase. Over there, our local guys are empowered to identify and drive growth from bottom up. They had reason to celebrate. But there are a number of governments that came up with programmes to encourage investments in renewable energy. But maybe thats a good thing, you see all these people whose primary focus has been work all their lives and sometimes when a death happens in the family, all of a sudden they stop and go: What am I doing? MELPOMENE: Large corporations are almost inevitably hierarchical. 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. Business isnt as aggressive as its been dramatised to be. MELPOMENE: Whats one thing off the top of your head? Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. DAVID: It was awesome! There are already storage systems that are very profitable, and one of them is pump storage. 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. Alberici vowed she would never front a TV show again after exiting the ABC. He was far, far from perfect. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. David Russell Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). 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. 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. 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. 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. 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. 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. 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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. Search. His work has included regulatory advice, project delivery advice, and transactional advice. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. Now the four-car basement garage is expanding to fit six, while the basement will accommodate a theatre, rumpus room, wine cellar, arcade room, plus a "modelling/crafts" room. The other guests in the restaurant said they had to pinch themselves. 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. But her kids thought he was a phoney. 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 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: Its definitely not who you know. 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. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. 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 . 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. 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? Were a lot happier not only making money but also making a difference. Do you worry about that? The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. She managed a renewable energy portfolio of over 625MW in Australia, sat on the board of Avertas Waste to Energy as well as managed transport and social infrastructure projects. 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. DAVID: I do, and sometimes you cant avoid people feeling intimidated but you have to continually try to break that barrier down. Supply the annual power needs of 63,165 homes. MELPOMENE: Do you ever watch popular films that depict the financial industry? Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. Its not all hindsight. He has also written two books. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. 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. 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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. 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. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Alberici starts on Monday. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 We started to participate because we saw an opportunity to make good money and invest in a growing sector. 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. 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 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Thats a real problem with succession planning because you might lose the person you really want to keep because theyre frustrated at the lack of opportunities to grow. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance []