For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. MELPOMENE: Is it important that the work you do creates value for society? Search. There is no substitute for hard work. 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. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Weve got more than enough to invest in that space, and storage is just going to multiply that demand for capital. Everything comes back to the numbers. In the spirit of reconciliation Equis acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. 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. 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. in Painting/ Art History from the University of Tulsa. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. In the battery sector, the prices are falling but their performance is improving. Tell-all memoir: Ronni KahnCredit:Illustration: John Shakespeare. Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. We felt that we deserved to be paid well because we were certainly working hard. 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. 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. Several months earlier a consortium led by Global Infrastructure Partners (GIP), with partners including the China Investment Corporation sovereign wealth fund, had agreed to buy the renewable energy asset portfolio of Equis, a Singapore-headquartered independent infrastructure asset manager, for $5 billion. That grew to be OzHarvest. Please try again later. . 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. 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. Some of these people want to take a shortcut instead of working hard and they may cut corners, which is unlawful. They are part of C-Suite Department and their management level is C-Level. 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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. Those inside the restaurant overheard the dinner was held to mark his release from jail. See reunion dates, update your details and give to BGS. David Russell. 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. Representatives for the Catholic Church and Pell did not return calls and emails on Thursday. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. Kahn thought Anton was like Cary Grant. 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. We are committed and responsive to the communities we serve. We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. 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. Equis Development has announced investments into the South Korean waste and solar markets, and the Japanese biomass market. All rights reserved. In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Biden Closes In on Order to Restrict US Investment in China Tech, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. One George Street, Singapore 049145 See our. These governments need to grow and theyre putting in place very stable regulatory regimes. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Called the Lady E, it's available to charter for a cool $767,840 a week. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. We also bought businesses, made them better and sold them off. So while I was growing and being mentored, I had that slight frustration. David Russell VZIO stock SEC Form 4 insiders trading 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. Equis' team brings focus, experience, passion and conviction. 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 $18 million for the Sunshine Beach house of IT entrepreneur Danny Wallis. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The esteem that the businesswoman turned social entrepreneur is held in is revealed by the calibre of the blurbs on the cover: ABC journalist Annabel Crabb gets star billing above former governor-general Quentin Bryce, while Crabbs boss, ABC chair Ita Buttrose, has to make do with the back page. MELPOMENE: Why did you decide to strike out on your own? Find out more. Privacy Policy. I also have a responsibility to the company in this respect, and were trying to be more socially orientated now. MELPOMENE HUA: Why did you decide to be profiled after years of being under the radar? When Skadden partners walk into a room they command that room, and its not because they are aggressive but because they are just so knowledgeable. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. But there are a number of governments that came up with programmes to encourage investments in renewable energy. My partners and I put everything into this businessfinancially and personallyand if it were to fail, we would sink with the ship. We're sure the builders are observing strict social distancing protocols during stage four lockdown. Were sorry, this feature is currently unavailable. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". And yet, whatever the package contained, I was willing to put up with it," Khan and co-author Jessica Chapnik Kahn write. As the former CEO and Chairman of Equis Energy, David raised and invested over AUD$ 7.9 billion of equity in independent and institutional infrastructure funds across Asia-Pacific. Its interesting how that has come full circle. Construction of the Collinsville North Solar Project is expected to commence in 2017. 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. Building firm Davies Henderson, architect Christopher Doyle, gardening designer Paul Bangay and interior architect Thomas Hamel dont come cheap. You can only aspire to be like them. While were driving for business success, we formally make a point to give back to the community. Emma Alberici has landed a new gig, and, as promised, it's not on TV. 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. In the Philippines, for example, the government budgets ahead so that they can afford power they need. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. After her August departure from the ABC, and fresh from recharging the batteries in Byron Bay, the former chief economics correspondent is joining online insurance comparison platform Compare the Market. 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.. 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 Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education The Projects will involve a capital investment of approximately A$400 million. 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. By submitting this form, I agree to these terms and conditions. 1 George Street #23-03 One George Street, Singapore 049145 Tel: +65 6220 0040 We acknowledge that our school is on the Country of the people of the Kulin Nations. MELPOMENE: How do you envision the use of renewables in ten years time? Prior to joining Equis, Vincenzo held roles with Canadian Solar, Raygen Resources, ABB and various European solar companies and technology providers. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. I was hoping that it would be a motivator for everyone, but thats me sitting here thinking about it as a 40-year-old. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Find contact details for 700 million professionals. He sold Equis Energy, which he founded in 2011, for (US) $5bn in 2017. Credit:Jason South. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. What: Equis is focused on the development, construction, ownership and operation of energy, including renewable and hybrid (gas and renewable) systems, bioenergy and waste processing, and waste recovery infrastructure assets. They had reason to celebrate. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. Craig Marsh settled upon a black McLaren with carbon-fibre trims. David Russell, Equis Chairman, said, "As AsiaPacific's largest renewable energy IPP, Equis is excited about leveraging its economies of scale in the growing Australian market to deliver lowcost renewable energy. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. DAVID: Broadly speaking, it can affect investor confidencefor example, when the coups in Thailand hit the papers, people started calling us to ask about their investments. MELPOMENE: Large corporations are almost inevitably hierarchical. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. 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 . Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. MELPOMENE: How has it been different at Equis? US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. All rights reserved. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. MELPOMENE: Those who behave egregiously are a very small percentage of the industry. 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. They used to work at Macquarie. David Russell, Equis Chairman, said, "Equis has plans to invest US$1 billion in Taiwanese renewable energy, and we expect to play a leading role in developing the Taiwanese renewable energy market, to which the government has made a significant commitment. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. It was during that painful life phase that Kahn had an idea: taking beautiful food left over from her events business and using it to feed people in need. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. When I left my previous employer, I didnt realize how risky it actually was. 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: Do you think that giving people ownership is the way to motivate them? You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. MELPOMENE: Whats one thing off the top of your head? 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. He led Equis development of wind and solar projects in the Philippines. They had reason to celebrate. 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.