Stephen Murray will be remembered by many as a seasoned investor, a great leader, and a committed philanthropist. Murray served as the president and CEO of CCMP Capital. The financial services firm concentrates on buyouts and growth equity transactions.
Stephen Murray’s journey in the world of business and investment began in 1984 following his graduation from Boston College with his Economics Degree. This was later followed in 1989 by a Business Administration Master’s Degree from Columbia Business School.
Following his graduation from Boston College, Stephen Murray joined a training program as a credit analyst at Manufacturers Hanover Corporation. In 1989, Mr. Murray was absorbed into MH Equity Corporation, which was created by a combination of the private equity group and the leveraged finance unit of Manufacturers Hanover Corporation. Two years later in 1991, Manufacturers Hanover was acquired by Chemical Bank. During the acquisition, MH Equity entered into a merger with Chemical Venture Partners.
In 1996, Chemical Bank entered into a merger with Chase Manhattan Corporation. This merger saw Chemical Venture Partners become Chase Capital Partners. 2005 saw the appointment of Stephen Murray to head the buyout business at JP Morgan Partners according to Observer. He was also a pioneer who helped JP Morgan’s merchant bank create a large private-equity business. In 2006, CCMP was spun off from JP Morgan Partners to run as a separate business. The firm consisted of the team in charge of buyout and growth equity from the private equity group of JP Morgan Partners. In 2007, CCMP named Stephen Murray as its Chief Executive Officer.
Stephen Murray was a well-respected leader, with his vast experience being much sought-after in the business world. For this reason, many firms appointed him to serve as a board member – more of this at Nypost. These firms include AMC Entertainment, Aramark, Generac Power Systems, Strongwood Insurance Holdings and Octagon Credit Investors.
Mr. Murray also participated in works of philanthropy, with his support providing beneficiaries with the much-needed help to move on with their lives. Among the institutions to receive support from Stephen Murray include Make-A-wish Foundation of Metro New York, Columbia Business School, Stamford Museum and Boston College.