Apr 2022 - Present11 months. 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. Prior to joining Equis, Damian spent over 18 years at Macquarie and was the Head of Infrastructure, Utilities and Renewables (Australia and New Zealand) for Macquarie Infrastructure and Real Assets, one of the worlds largest infrastructure owners and developers. Where does the fallout from the Adani crisis take India now? So while I was growing and being mentored, I had that slight frustration. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education Supply the annual power needs of 63,165 homes. 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. MELPOMENE: Do you ever watch popular films that depict the financial industry? 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. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. 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. I oversee, define, evolve, train, and advocate for enterprise standards and best practices related to Lean / Agile . Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. One George Street, Singapore 049145 DAVID: Ive watched a couple and I always cringe [laughs]. DAVID: It was awesome! CBD hears that her ABC redundancy payout was in the vicinity of $300,000. 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. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. DAVID: They worked hard. Did you feel restricted by that? We built this business in Asia from the ground up and none of our major investors were brought over from Macquarie. 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. We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. 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. 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. 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. 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? But most importantly, if you want to be successful, youll have to work hard. 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. His thesis and work explore the . But her kids thought he was a phoney. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. 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. Alberici's new gig is chief strategy government relations and communications officer. 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. How: Equis covers every stage of a projects lifecycle including origination, development, design construction, and engineering, to operation and maintenance, asset management, and performance optimisation. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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 is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. We also bought businesses, made them better and sold them off. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. MELPOMENE: They went silent because you left Macquarie? And guess who was right? A good thing, no doubt. And thats very important because we now have 84 projects totaling close to 8 billion dollars. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. DAVID: Ive been forced to rethink of my priorities and came to the realisation that family is always number one to me. DAVID: Skydiving! 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. Singapore, 1 February 2017 Equis Energy (Equis), Asias largest independent renewable energy developer and investor, recently approved the development, construction and operation of two solar projects in South Australia and Queensland, Australia with a total generation capacity of 200MWAC (Projects). Called the Lady E, it's available to charter for a cool $767,840 a week. 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DAVID: I get people coming out of Europe and the U.S. saying that theyre worried about Asian re-regulation risk and governments taking away our assets, but that happens even in Southern Europe. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. Once I became nobody, a lot of those people actually went silent. But to get to a certain point you have to think forward and consider all the paths and possibilities. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. 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. 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. Co-Founder, Managing Director. 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. David is also . DAVID: Technology and mindsets are evolving rapidly. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Please try again later. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. MELPOMENE: Did your legal and finance background help you in this field? MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? 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. 2023 Tatler Asia Limited. In 1998, David joined Macquarie Group, where he spent 12 years. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior Medical Director, Invicro, LLC New Haven, CT 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea.
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