Craig Marsh settled upon a black McLaren with carbon-fibre trims. David Russell VZIO stock SEC Form 4 insiders trading CRICOS Provider Code: 00132K. 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. There is no substitute for hard work. Equis Commissions Additional 5 MW of Solar Projects in Taiwan David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. Credit:Jason South. Its human to fear what you dont understand. That deal was a second innings for the spin bowler. Those inside the restaurant overheard the dinner was held to mark his release from jail. If theres a physical tussle over the South China Sea, its not going to affect our facilities. Thomas has over 20 years experience working in a range of business development and energy trading roles. Copyright 2023 Brighton Grammar School. We may no longer need to build big cathedral type power facilities and expensive distribution systems. 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. MELPOMENE: How do you envision the use of renewables in ten years time? David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy HSBC Orion tokenizes commercial bank money and sterling bonds, PrivEx brings syndicated loan-trading platform to Europe. Please try again later. Everything comes back to the numbers. He was far, far from perfect. In 1998, David joined Macquarie Group, where he spent 12 years. Equis to Develop 1,000 MW Solar Project in Queensland, Australia When I started out of university, my peer group worked really hard and they were more dedicated. 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? DAVID: It was awesome! MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? At one point, Pell who was dressed in what one observer described as "priestly regalia" gave a short speech and toast. He led Equis development of wind and hydro projects in India. 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. MELPOMENE: Has ownership changed your motivation towards work? And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. He was charming and once flew her to Hong Kong for dinner. In the Philippines, Equis commissioned a 30 MW solar project in Leyte and a 54 MW wind project in Rizal, as well as two solar projects in Japans Hiroshima and Hyogo prefectures with total generation capacity of 21.4 MW. Empower. Apparently Pell was flanked by a number of priests. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. 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. 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. David Russell, Equis Group CEO, commented, "As Asia's largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for . While were driving for business success, we formally make a point to give back to the community. 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. Although what relationship she has with the government given its voracious criticism of her reporting will be interesting. 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. MELPOMENE: The project developers dont have the discretion to make decisions locally? 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. 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. "He was sitting in the middle of a long dinner table, and there was no one sitting opposite. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. China Equities: Yesterdays Story or More Compelling Than Ever? That makes you focus harder, question harder and dig deeper until youre personally satisfied with solutions. But there are a number of governments that came up with programmes to encourage investments in renewable energy. 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. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. DAVID: Ive watched a couple and I always cringe [laughs]. Abigail Koch, Compare the Market general manager public relations, said they had been "smashed" by media requests. 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 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. 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. Equis Group appoints new partner and reveals management restructure David Russell Full Name: David Charles Russell Company: Equis Pte. When I left my previous employer, I didnt realize how risky it actually was. 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. Ed has managed $13b of electricity regulated and commercial assets as GM for AusNets Transmission and Distribution networks. Andrew has over 18 years in Australian large-scale renewable energy and has previously held senior positions at ENGIE, Goldwind and WSP where he was responsible for the development, construction, and delivery of primarily large-scale wind and storage projects. 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. In 2010, David founded Equis Funds Group, Asia-Pacifics largest independent infrastructure private equity manager. We are committed and responsive to the communities we serve. 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. 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? In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. 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. 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. Find contact details for 700 million professionals. Kahn is frank in the book, telling a painful story about a former American boyfriend she calls Anton whom she dated after her marriage broke down. Mindy has over 14 years experience in infrastructure, power and renewable energy in Australia and South East Asia. 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. 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 DAVID: Yes, and theyve gone down a certain path that they may not even be aware of until they eventually just take it too far in trying to make money. MELPOMENE: Given that R&D in this sector is changing so quickly, are you concerned that your solar and wind facilities might become obsolete? MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Will Others Follow? I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. For the guys underneath me, there were only so many senior positions available and it created frustration for those competing for it. 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. PDF For Immediate Release Equis Acquires South Korean Hybrid Solar Alberici's new gig is chief strategy government relations and communications officer. DAVID RUSSELL: When we started the business, we decided to keep a low profile because we wanted our relationships with governments to stabilise. 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%. DAVID: I sound really old when I say this [laughs], but I feel there is a generational shift. The knock-down rebuild of the rear of the house will feature two linked pavilions and include a dining and kitchen space as well as rumpus room, a master bedroom and gym. Construction of the Tailem Bend Solar Project is expected to commence in early 2017. MELPOMENE: Did your legal and finance background help you in this field? That also affects performance and I think its partly why some investors prefer independent managers because the alignment of interest is stronger. All rights reserved. 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. DAVID: Absolutely. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. Did you feel restricted by that? Prior to joining Equis, he was the Head of Trading and Wholesale Markets at Goldwind Australia. David Russell - Chief Executive Officer & Pa.. - Equis | ZoomInfo 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. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. US$5 billion sale of Equis Energy prompts Craig Marsh's high - Domain Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific. Another guest wore a blazer bearing an Order of Australia gong on their lapel. MELPOMENE: Are you worried that the South China Sea dispute will affect investor confidence in the region? We think that the biggest renewable energy market is solar and we have to keep ahead of that technology curve. Brighton Grammar old boy puts new $5.9m spin on Shane Warne's former pad. Shane Warne's former pad gets new $5.9m spin from Brighton - The Age We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. DAVID: Yeah, a number of them obviously felt that while our relationship was important, it was based on our work together, so they were more likely to do business with Macquarie than some guy whos just starting out. Monash University. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. Yes, Only if Its Forma. David Russell earned his B.F.A. David Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. See our. MELPOMENE: Is it important that the work you do creates value for society? Theres a whole bunch of things on there that I really dont want to do [laughs]. One George Street, Singapore 049145 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: Thats the million-dollar question. By submitting this form, I agree to these terms and conditions. The memoir coming out later this year is expected to dish on a nasty stoush with ABC management after Alberici published an economics comment piece which incensed the Turnbull government so much so it sent several letters of complaint to the ABC. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com 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. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. "I understand now how people can love a person who does awful things. 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. Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. MELPOMENE: Was your background crucial to your success? It plans to commit more than US$2billion into renewable energy and waste infrastructure assets across Australia, Japan and South Korea over the next twoyears. In 10 years, buildings can be fitted with solar panels and your phone could double as a storage device. MELPOMENE: Do you ever watch popular films that depict the financial industry? Were a lot happier not only making money but also making a difference. 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 The Tailem Bend Solar Project and Collinsville North Solar Project will: The Tailem Bend Solar Project and Collinsville North Solar Project will be two of Australias lowest cost solar generation projects and will contribute low cost solar power and new jobs into regional communities. Supply the annual power needs of 63,165 homes. 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, 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. MELPOMENE: Have you ever been forced to rethink your life? We were also growing rapidly and did not want to give our competitors advance knowledge of what we were doing. Bachelor of Laws (Hons)/ Bachelor of Economics (Hons) 1988 - 1993; Skills. Prior to joining Equis, Andrew held senior roles at WorleyParsons and Toshiba. The newspapers report big losses and movies like Too Big to Fail contribute to that negative impression. 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. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. She managed a renewable energy portfolio of over 625MW in Australia, sat on the board of Avertas Waste to Energy as well as managed transport and social infrastructure projects. Tel: +65 6220 0040, Legal Notice & Terms of Use 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. His thesis and work explore the . You connect it to the building, charge it up, and take it home to generate electricity for your house. David Russell - Head of Private Equity Asia and Greater China 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. David Russell 1) Director, Clinical Research, Institute for Neurodegenerative Disorders; 2) Senior . Equis Wins Public Tender to Develop Taiwan's Largest Solar Project Vincenzo has over 15 years experience with renewable energy infrastructure projects, specialized in solar and BESS project development and construction. So while I was growing and being mentored, I had that slight frustration. Alberici vowed she would never front a TV show again after exiting the ABC. EY Entrepreneur of the Year (Ernst & Young Singapore), Senior Alumni Award (National University of Singapore School of Business). Musk Made a Mess at Twitter. 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. They had reason to celebrate. I use a decision tree in that process and find that if you have the ability and willingness to think through the entire tree, you can map out where youre heading with a fair degree of certainty. MELPOMENE: Warren Buffet said that a big problem in the boardroom is that nobody wants to criticise the CEO. Called the Lady E, it's available to charter for a cool $767,840 a week. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Will His AI Plans Be Any Different? 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.
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