Called the Lady E, it's available to charter for a cool $767,840 a week. If anything we are quite an introverted group, but we knew what we were talking about. Chris Wright is Asia editor. Were sorry, this feature is currently unavailable. MELPOMENE: Why did you decide to target Asian markets? People start thinking that these are the bad guys, but based on my experience, its not the case. But what were we adding back to society? 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. Were working to restore it. These governments need to grow and theyre putting in place very stable regulatory regimes. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. 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: People dont understand the industry, its very complex and even I dont understand some parts of it. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? 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. He covers the Asia Pacific region and is based in Singapore. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. 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: Its all relative. Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? DAVID K. RUSSELL. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 David is also . 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. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. You cant teach smarts, you either have a certain level of capability or you dont, and you have to be adaptable in this business. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. Privacy Policy. 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In the Philippines, for example, the government budgets ahead so that they can afford power they need. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Find contact details for 700 million professionals. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Please try again later. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. But her kids thought he was a phoney. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Apr 2022 - Present11 months. 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$5 billion. DAVID: They worked hard. They are part of C-Suite Department and their management level is C-Level. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully.. Russell, who attended Brighton Grammar and Monash University, will be back on board this weekend to host his James Bond themed birthday party. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. Damian has 23 years of infrastructure investment experience, with over 17 years experience in Asia Pacific, and has completed over AUD$ 27 billion of transactions across various sectors including renewable and conventional energy, telecommunications, waste, greenfield development, PPPs, and transportation. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. And thats very important because we now have 84 projects totaling close to 8 billion dollars. 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. 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? Thomas has over 20 years experience working in a range of business development and energy trading roles. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. Business isnt as aggressive as its been dramatised to be. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Copyright 2023 Brighton Grammar School. 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. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. The project will be Taiwan's largest solar project and was part of a twosite public tender.Equis won both tenders, and in accordance [] in Painting/ Art History from the University of Tulsa. Employ over 400 people during the construction phase. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. And while the neighbours wont notice much of a difference from the historic frontage, it is clear where the vast outlay is going. 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. Co-Founder, Managing Director. 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. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . 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. Equis' team brings focus, experience, passion and conviction. "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. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. 2023 Tatler Asia Limited. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. MELPOMENE: Do you ever watch popular films that depict the financial industry? Its human to fear what you dont understand. 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. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. He was far, far from perfect. A good thing, no doubt. 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. This website uses cookies to improve your experience. 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. CRICOS Provider Code: 00132K. We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. Equis has also secured land rights over an additional 2,000 hectares allowing for an additional 1,000MWAC of large scale solar projects to be constructed over the near term. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. MELPOMENE: Is what you know or who you know more important? "It was like the last supper," one onlooker said. His work has included regulatory advice, project delivery advice, and transactional advice. 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. 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. The strategy of remaining quiet has worked well, but its now time to engage. 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. Congratulations to the Class of 2020, recording our best ever results. DAVID: Thats the million-dollar question. 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. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? Celebrity food writer Melissa Leong and chef Kylie Kwong are relegated to the inside cover, alongside Jimmy Barnes. Shane Warne sold the Brighton mansion for about $20m in 2018. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Andrew has over 20 years' experience with energy infrastructure projects, specialising in thermal energy project development and construction. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. 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. See reunion dates, update your details and give to BGS. 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 Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education But what has changed is the level of desperation applied to the business when its your own.