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Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. MELPOMENE: Steve Jobs said that you can only connect the dots looking backwardsis that true of your experiences? Equis awarded Taiwan's largest solar project at 70MW - PV Tech 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. 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. In addition, Equis has completed a further 33 utility scale renewable energy projects in Asia over the last 3 years or on average 1 project every 5 weeks. 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. We offer a range of scholarships to give as many boys as possible the chance of a BGS education. Copyright 2023 Brighton Grammar School. The strategy of remaining quiet has worked well, but its now time to engage. 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. Chief Executive Officer @ Equis; Senior Managing Director @ Macquarie Group; Education. Please try again later. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. Will Others Follow? MELPOMENE: Do you find that theres a biased perception against the financial industry, particularly after the 2008 financial crisis? MELPOMENE: They went silent because you left Macquarie? 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. 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. MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? 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. I think that helps people remain human in this business. 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. We started to participate because we saw an opportunity to make good money and invest in a growing sector. Others Named David Russell. Equis becomes owner of USD-1.3 bn battery project in Victoria We have the saying: You eat what you kill. in Painting/ Art History from the University of Tulsa. Some $1.3 billion of that was assumed liabilities, but still, it was a landmark: $3.7 billion of equity, the vast majority of it in unrestricted cash. 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. But her kids thought he was a phoney. He has also written two books. But to get to a certain point you have to think forward and consider all the paths and possibilities. We felt that we deserved to be paid well because we were certainly working hard. DAVID: Definitely. CBD hears that her ABC redundancy payout was in the vicinity of $300,000. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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. But he also told me theres no law stating that you cant act unreasonably [laughs]. David Russell, Equis Funds Group CEO, said, This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. We definitely know a lot of people, but this business was not built on that. Equis is actively pursuing infrastructure development and investment across the Asia-Pacific region, with a primary focus on Australia, Japan, and South Korea. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. 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. The estimated Net Worth of David Eugene Russell is at least $45.3 Million dollars as of 11 November 2021. 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. In Asia, power has always been the number one sector to invest in, not renewable energy. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. David currently resides in Singapore and was on Singapore Tatlers list of Most Influential People in 2016 and 2018. He covers the Asia Pacific region and is based in Singapore. David Eugene Russell Net Worth (2023) | wallmine 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. Instabilities in the region may give others pause, but we seek opportunities amidst them to keep growing. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. The proceeds of the biggest renewable energy deal in history have helped Equispartner Craig Marshfund a $10 million-plus waterfront property spending spree. Taiwan is at a critical juncture in the development of its energy resources, and the award of the Chiayi solar project, after a very competitive . David Russell, Equis Funds Group CEO, said, "This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Do you worry about that? DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. Lady E: David Russell's birthday bash gets Brighton - Heraldsun Monash University. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. 2023 Tatler Asia Limited. After building the Korean private equity business, I felt that it was time to do it myself rather than rely on an institutional brand. Congratulations to the Class of 2020, recording our best ever results. MELPOMENE: Is what you know or who you know more important? Musk Made a Mess at Twitter. 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. DAVID: Its definitely not who you know. 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. As the CEO and Chairman, David grew Equis Energy to become Asia-Pacifics largest renewable energy generator. While were driving for business success, we formally make a point to give back to the community. David.Russell@sbs.ox.ac.uk Sad Business School University of Oxford Park End Street Oxford OX1 1HP Profile David Russell has joined Sad Business School as an Executive in Residence, after having led the Education and Training Foundation (ETF) in England as CEO for 8 years and having previously served the UK government for 16. Bibendum arcu vitae elementum curabitur vitae nunc sed velit. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. The firm focuses 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, across Asia Pacific. DAVID: People dont understand the industry, its very complex and even I dont understand some parts of it. 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. Kahn thought Anton was like Cary Grant. She tells CBD she will be based in Sydney, rather than the comparison sites Brisbane headquarters. In 1998, David joined Macquarie Group, where he spent 12 years. The clearance of funds that day in January 2018 marked the conclusion of the biggest renewable energy sale ever completed. 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. When I left my previous employer, I didnt realize how risky it actually was. Prior to joining Equis, Liz held planning and permitting roles at Goldwind. As for the finance background, well, youve got to know the numbers when it comes to running a business. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. Equis Funds Group CEO 2010 Equis Energy Director Equis Managing Director Education He has delivered assets across the Asia-Pacific. Craig Marsh settled upon a black McLaren with carbon-fibre trims. DAVID: Skydiving! 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. in Public Practice from Otis College of Art and Design in 2011. 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. We're sure the builders are observing strict social distancing protocols during stage four lockdown. DAVID: The plant operations, business development and growth are in other Asian countries such as the Philippines, Japan and India. It could become micro power grid systems where power is generated and distributed locally. 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. Called the Lady E, it's available to charter for a cool $767,840 a week. MELPOMENE: What gave you the foresight to begin investing in renewable energy in 2011? David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Ltd. Industry: Private Equity Position: Chief Executive Officer & Director Ownership Type: Individual Date Status Acquired: 10/01/2010 Ownership Stake: Less than 5% Employment Details Company/Fund Name: Equis Pte. Liz has over 14 years' experience of statutory planning experience within the infrastructure and renewable energy sector in Australia. She wasnt joking. Over 22 years of Asia-Pacific private equity and infrastructure advisory and investment experience, Former Director & Board Member of Denham Capital Asia Pacific.