We wish to honour the connection to Country of all Aboriginal and Torres Strait Islander peoples and pay respect to their Traditional Custodians and Elders past, present and emerging. MELPOMENE: Large corporations are almost inevitably hierarchical. 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. Chris Wright is Asia editor. One George Street, Singapore 049145 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? Search. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). 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. 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. Its important to humble yourself. That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. There is no substitute for hard work. She wasnt joking. MELPOMENE: Do you think that giving people ownership is the way to motivate them? 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 Interest is certainly high. 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. Its not just gratuitous givingwe want to actually improve peoples lives, because we build our plants in a lot of rural areas. Founding partner and CEO, Equis Development, Equis CEO David Russell is a key player in the Asia Pacific regions renewable energy game. Consequat id porta nibh. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. The strategy of remaining quiet has worked well, but its now time to engage. DAVID: When we first set up Equis, foreign investors wanted to talk about China and India, and they weren't focused on markets like Thailand and the Philippines. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. MELPOMENE: Is it important that the work you do creates value for society? In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. In 20045, he was Head of Macquaries Principal Transactions Group before becoming a Senior Managing Director, Head of Asian Private Equity and Head of Greater China. MELPOMENE: Why did you decide to strike out on your own? We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. DAVID K. RUSSELL. Snowy Hydro is a leading integrated energy business in Australia which currently owns and operates 5,500MW of generation capacity across Australia, including the iconic 4,100MW Snowy Hydro-electric Scheme. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. He was charming and once flew her to Hong Kong for dinner. And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. DAVID: The level at which you can supply renewable energy into the grid is actually quite highfor example, Germany is at around 50% now and theyre targeting 100%. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. David is also . 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. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. MELPOMENE: Why did you decide to target Asian markets? David Russell works as a Chief Executive Officer & Partner at Equis, which is a Finance company with an estimated 83 employees. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. We have the saying: You eat what you kill. Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. 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]. All rights reserved. Alberici starts on Monday. 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. Our locally based staff boast a strong understanding of rural and regional Australia. 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. 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. Apparently Pell was flanked by a number of priests. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. The Company was formed in 2019 through the restructure of the Equis business model from a funds management business to an infrastructure asset development company. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. I like to think that I dont have a fear of heights, but the idea of jumping out of a plane and not knowing for sure if the parachute is going to work can be intimidating. 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. Athletes' ambitions don't end when they leave the field of play. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. Now, the pendulum has swung from us being very quiet about our growth, to people asking questions because were the largest renewable energy developer in Asia. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. 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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. Save 407.2 million litres of water each year (when compared with the water usage of coal fired power plants). Once I became nobody, a lot of those people actually went silent. Ive always worked long hours and that hasnt changed. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? In 2011, David established Equis Energy. Marsh was revealed as the buyer of a knock-down-rebuild in Mosman for $6.88 million, as well as a waterfront in Noosa Heads for about $4 million, also slated for redevelopment. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Craig Marsh settled upon a black McLaren with carbon-fibre trims. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. So by removing the glass ceiling, we dont lose our senior people as we grow. 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). ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. 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. Warne and former wife Simone Callahan made a $5m profit on the home after buying it in 2000 and selling it seven years later. Marsh, a former Macquarie Group executive who joinedEquisin2014, isnt the only partner at the renewablesfundwho has splashed on his real estate dreams in recent months. MELPOMENE: Was your background crucial to your success? But most importantly, if you want to be successful, youll have to work hard. They used to work at Macquarie. 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. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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. It could become micro power grid systems where power is generated and distributed locally. 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 a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. Photo: Domain. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. When the money cleared, the partners of Equis went shopping to celebrate. At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. MELPOMENE: How has it been different at Equis? 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. In Asia, power has always been the number one sector to invest in, not renewable energy. David Russell VZIO stock SEC Form 4 insiders trading 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. 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. 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. When I left my previous employer, I didnt realize how risky it actually was. 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. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. DAVID: Skydiving! Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. While were driving for business success, we formally make a point to give back to the community. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. We may no longer need to build big cathedral type power facilities and expensive distribution systems.