Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. MELPOMENE: Was your background crucial to your success? 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. Vignesh has over 7 years experience in infrastructure investment and development across Asia. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. All rights reserved. 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 information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. 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. Its important to humble yourself. Those inside the restaurant overheard the dinner was held to mark his release from jail. Secondly, hierarchical environments create ceilings and politics. 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. I had been thinking about it for a number of years and with all my experience, I assumed it would be relatively easy. 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: Thats the million-dollar question. 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. 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. 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: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. "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. Senectus et netus et malesuada fames ac turpis egestas sed. Copyright 2023 Equis Development Pte. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Chris Wright is Asia editor. Do you worry about that? Greater Newcastle Area. 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. MELPOMENE: Is it important that the work you do creates value for society? If anything we are quite an introverted group, but we knew what we were talking about. DAVID: Its all relative. Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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.. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. 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 MELPOMENE: Have you ever been forced to rethink your life? The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. Does Joo Chiat Need Another Italian Joint? Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. There are already storage systems that are very profitable, and one of them is pump storage. Credit:Jason South. People say that Asia is developing, but their frameworks are far more developed than those in Europe. On Thursday, CBDs local operative spotted no fewer than seven utes, four vans and a truck surrounding the site. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? Not the David Russell you were looking for? MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? 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. Please try again later. He has delivered assets in Europe, Middle East and Australia. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. MELPOMENE: Skadden has a terrific reputation, how was it like working there? MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? 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. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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 . David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. So while I was growing and being mentored, I had that slight frustration. CRICOS Provider Code: 00132K. Empower. 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. They said that if youre willing to build the facility, were willing to buy that power from you at a fixed price for 20 or 25 years, and that gave us a lot of confidence. People start thinking that these are the bad guys, but based on my experience, its not the case. HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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. 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. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. We started to participate because we saw an opportunity to make good money and invest in a growing sector. DAVID: They worked hard. Congratulations to the Class of 2020, recording our best ever results. In 1998, David joined Macquarie Group, where he spent 12 years. 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. 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 Hartford, Connecticut, United States. 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. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Its not all hindsight. David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Its interesting how that has come full circle. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. 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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