MELPOMENE: Hasnt that kind of short-term focus change with the increasing number of young people becoming entrepreneurs? These days, Equis Development is setting its sights on consolidating its position in Asias renewable energy and biomass power generation markets, having developed more than 200 renewable energy and waste infrastructure projects across the region. He then completed his K-12 Art Education teacher licensure program at Metropolitan State College of Denver. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Craig Marsh settled upon a black McLaren with carbon-fibre trims. 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. 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. Here in Singapore, we talk about how to implement their strategies as well as manage the risk consistently across the different geographies. He was charming and once flew her to Hong Kong for dinner. He studied Law/Economics at Monash University and worked as an energy and utilities lawyer with Skadden, Arps, Slate, Meagher & Flom in Washington and with Minter Ellison in Melbourne. But obviously within large institutions like Macquarie, there are limits to how much an individual can influence the direction of the business. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. 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 $5 billion. The strategy of remaining quiet has worked well, but its now time to engage. Photo: Domain. Bryce has deep experience in the Energy and Infrastructure sectors, having worked on multiple global transactions totalling over AUD$ 27bn. In the battery sector, the prices are falling but their performance is improving. MELPOMENE: Why did you decide to strike out on your own? 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. 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. The pieces, which covered the strategies big businesses used to trim their tax burden, ended up being rewritten and republished. 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. Not the David Russell you were looking for? Employ over 400 people during the construction phase. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. 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. David Russell "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Euromoney, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. 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. 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. 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. Out of jail: Cardinal George Pell on April 7, when he was released from Barwon Prison. The other guests in the restaurant said they had to pinch themselves. MELPOMENE: How has it been different at Equis? CRICOS Provider Code: 00132K. 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. Yes, Only if Its Forma. 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. . They had reason to celebrate. David Russell, Equis Managing Director, stated "Jara represents a pivot by Equis into more integrated renewable energy We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. MELPOMENE: You were well-connected and had the expertise, but was it still a risky move? When I left my previous employer, I didnt realize how risky it actually was. Credit:Jason South. Our locally based staff boast a strong understanding of rural and regional Australia. 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. This website uses cookies to improve your experience. 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. 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. David Russell has 3 current jobs including CEO at Equis Funds Group, Director at Equis Energy, and Managing Director at Equis. Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. Please try again later. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. David Russell earned his B.F.A. MELPOMENE: Why did you decide to target Asian markets? 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. 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. David is a Managing Director of Equis and has 28 years of infrastructure and private equity experience. 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. 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. 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. Our purpose is to help current and future generations of Australians and we wont stop until we doso. Brighton Grammar is a leading private boys school in Melbourne, understanding boys from ELC to VCE. Senectus et netus et malesuada fames ac turpis egestas sed. MELPOMENE: Is what you know or who you know more important? 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. DAVID: My legal background helped me because it gave me discipline and an eye for detail. Once I became nobody, a lot of those people actually went silent. Save 397,400 tonnes of greenhouse gas emissions each year or the equivalent of removing 83,860 passenger vehicles from Australian roads. 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. Craig Marsh settled upon a black McLaren with carbon-fibre trims. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. 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. When the money cleared, the partners of Equis went shopping to celebrate. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Prior to joining Equis, he worked as a commercial lawyer specialising in litigation and dispute resolution for 4 years. We are committed to using innovative, responsible and sustainable practices to help Australia reach a carbon free future. In 1998, David joined Macquarie Group, where he spent 12 years. 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 Russell attended Brighton Grammar from 1982 to 1987, and was the Captain of Rugby in his final year. 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. He was far, far from perfect. MELPOMENE: They went silent because you left Macquarie? 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. When I started out of university, my peer group worked really hard and they were more dedicated. We acknowledge that our school is on the Country of the people of the Kulin Nations. DAVID: I am always trying to take on more responsibility or have more control over what Im doing. Co-Founder, Managing Director. My mentor at that time made a habit of calling me for work even at 1 a.m. And they have a 24-hour turn over, so no matter how late your client meeting ends, you have to finish your work by the next day. These people deserve to be caught and punished, but they are certainly not the norm in the industry. DAVID: Thats the million-dollar question. 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
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