The former ABC chief economics editor is writing a book for Hardie Grant, Rewrite the Story. 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? 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. 2023 High Net Worth All rights reserved. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. Find contact details for 700 million professionals. We have the saying: You eat what you kill. 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. 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. 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. Over there, our local guys are empowered to identify and drive growth from bottom up. DAVID: Theres an element of that. 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. CRICOS Provider Code: 00132K. His work has included regulatory advice, project delivery advice, and transactional advice. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 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. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. Our locally based staff boast a strong understanding of rural and regional Australia. Its not just gratuitous giving. 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. 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. DAVID: It was awesome! Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. They are part of C-Suite Department and their management level is C-Level. David Russell earned his B.F.A. 2023 Tatler Asia Limited. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. DAVID: Skydiving! Will His AI Plans Be Any Different? Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. His thesis and work explore the . Readers will recall Pell spent his first night of freedom upon his release in the Carmelite Monastery in Melbournes Kew, before being driven to the Seminary of the Good Shepherd in Sydney's Homebush. 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. Copyright 2023 Equis Development Pte. 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. He was charming and once flew her to Hong Kong for dinner. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. Interest is certainly high. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. Ltd. 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. 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. 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. 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: 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. And guess who was right? Search. Were sorry, this feature is currently unavailable. 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. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. He led Equis development of solar, wind, biomass and waste infrastructure projects in Japan before returning to Australia in 2021. DAVID: Absolutely. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. This website uses cookies to improve your experience. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. He has delivered assets in Europe, Middle East and Australia. But what were we adding back to society? DAVID: Its definitely not who you know. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. The strategy of remaining quiet has worked well, but its now time to engage. MELPOMENE: Have you ever been forced to rethink your life? 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. David Russell Full Name: David Charles Russell Company: Equis Pte. 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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 A good thing, no doubt. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. If theres a physical tussle over the South China Sea, its not going to affect our facilities. 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. MELPOMENE: Is it important that the work you do creates value for society? Not the David Russell you were looking for? We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. 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. If anything we are quite an introverted group, but we knew what we were talking about. MELPOMENE: Do you ever watch popular films that depict the financial industry? 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. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Bryce Paterson is a legal professional with over 10 years of experience both internationally and domestically in Australia. 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. Thomas has over 20 years experience working in a range of business development and energy trading roles. MELPOMENE: Is what you know or who you know more important? Please try again later. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? 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. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Co-Founder, Managing Director. 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. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers.
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