Stephen Murray, a legend in the financial industry, passed away at the young age of 52 due to sudden illness. He led a long and distinguished career that culminated in his appointment as CEO of CCMP Capital in 2007. His philanthropic efforts included support for the Food Bank of Lower Fairfield County, Boston College, Columbia Business School, the Stamford Museum, and the Make-A-Wish Foundation of Metro New York.
Stephen Murray graduated in 1984 from Boston College with a degree in economics. This positioned him to begin his career with Manufacturers Hanover Corporation as part of their credit analyst training program. In 1989, he joined MH Equity Corporation upon completion of his master’s degree in business administration from Columbia Business School.
A series of acquisitions and mergers provided Stephen Murray with hands-on experience with the demands of the financial industry. In 1991, Chemical Bank acquired Manufacturers Hanover and the company merged the MH Equity division with Chemical Venture Partners.
Another merger with Chase Capital Partners in 1996 further expanded Murray’s depth of knowledge and solidified his reputation as an executive capable of handling complex business developments while ensuring profitability for all stakeholders. This positioned him to become the divisional director of buyout business at J.P. Morgan Partners in 2005.
J.P. Morgan decided to transform CCMP into an independent business entity in 2006 in order to help maintain productive relationships with partner companies in which it had billions of dollars invested in. Murray was an obvious choice to head the behemoth due to his deep level of successful experience with the company.
He was officially instated in 2007 after securing an enormous investment valued at over $3.4 billion from partnering companies. Murray kept Stephen Murray CCMP Capital profitable by investing in opportunities that mitigated the firm’s risk by offering substantial financial gains throughout his tenure as CEO. This amazing growth allowed CCMP to continue to raise capital for the firm valued in the billions and cemented its reputation as an industry leader. Learn more about Stephen Murray CCMP Capital: https://www.crunchbase.com/person/stephen-p-murray#/entity
Murray left behind his wife Tami Murray and their four children.