DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. But most importantly, if you want to be successful, youll have to work hard. 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 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. DAVID: It was awesome! Russell received his M.F.A. Construction of the Collinsville North Solar Project is expected to commence in 2017. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. DAVID: Its definitely not who you know. While were driving for business success, we formally make a point to give back to the community. As for the finance background, well, youve got to know the numbers when it comes to running a business. 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. But to get to a certain point you have to think forward and consider all the paths and possibilities. Hartford, Connecticut, United States. Its interesting how that has come full circle. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. MELPOMENE: Has ownership changed your motivation towards work? 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. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Marshssplurgefollows the US$5 billion sale of renewable energy firm Equis Energy to US fund Global Infrastructure Partners in January, billed in financial media as the largestrenewable energy generation acquisition in history. 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.. MELPOMENE: How do you envision the use of renewables in ten years time? David Russell. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. 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. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. They had reason to celebrate. DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. See reunion dates, update your details and give to BGS. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. See our. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Alberici's new gig is chief strategy government relations and communications officer. 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. Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? Thomas has over 20 years experience working in a range of business development and energy trading roles. 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. 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. 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. 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
[email protected], Juwon ChaeGroup Head, Sustainability and Investor
[email protected]. 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. MELPOMENE: Have you ever been forced to rethink your life? 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. 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. 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. And that has always stuck with me. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. 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. 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 HUA: Why did you decide to be profiled after years of being under the radar? Did you feel restricted by that? 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. 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. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. Where does the fallout from the Adani crisis take India now? DAVID: Even though Im the CEO, the decision-making is a collective process. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Founding partner and chief executive David Russell has reportedly paid close to $20 million for theMelbourne 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 ofIT entrepreneur Danny Wallis. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara's long-term stable income stream. DAVID K. RUSSELL. 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. He has also written two books. 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. Secondly, hierarchical environments create ceilings and politics. 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. 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. Marshs spending spree only came to light after he settled on his Mosman purchase of a 1940s house on waterfront reserve in Clifton Gardens from the Rosenthal family. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 Apparently Pell was flanked by a number of priests. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Those inside the restaurant overheard the dinner was held to mark his release from jail. One George Street, Singapore 049145 You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Find contact details for 700 million professionals. The strategy of remaining quiet has worked well, but its now time to engage. MELPOMENE: Did your legal and finance background help you in this field? Kahn thought Anton was like Cary Grant. 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? Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. But there are a number of governments that came up with programmes to encourage investments in renewable energy. But what were we adding back to society? She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. MELPOMENE: Is what you know or who you know more important? 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 is also . If anything we are quite an introverted group, but we knew what we were talking about. Vignesh has over 7 years experience in infrastructure investment and development across Asia. 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. 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Additionally, David Russell has had 1 past job as the Senior Managing Director at Macquarie Group. And thats very important because we now have 84 projects totaling close to 8 billion dollars. Everything comes back to the numbers. 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. 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]. Find out more. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Consequat id porta nibh. When I left my previous employer, I didnt realize how risky it actually was. DAVID: Years ago, we were just moving paper around. 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. We also bought businesses, made them better and sold them off. Do you worry about that? When I started out of university, my peer group worked really hard and they were more dedicated. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. Monash University. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. David Russell earned his B.F.A. 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. He covers the Asia Pacific region and is based in Singapore. DAVID: I do. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. "It was like the last supper," one onlooker said. 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. Youre right at the table with them as a trusted advisor. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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. Employ over 400 people during the construction phase. Senectus et netus et malesuada fames ac turpis egestas sed. David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. All rights reserved. Does Joo Chiat Need Another Italian Joint? 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. So guests at Sydneys Alfredo restaurant at Circular Quay did a double take when they walked into the harbourside institution and spotted the Cardinal on Wednesday evening. You can only aspire to be like them. 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.