Very few corporate executives manage to leave a positive and enduring impression once curtains close on their careers. One needs to have a unique and outstanding personality to leave behind a legacy that will be in people’s memories for years to come.
Stephen Murray CCMP Capital is a prominent business executive, who had notable success within and outside corporate boardrooms. His untimely death dealt a major blow to the entire financial services industry. Fortunately, he left behind a legacy worth emulating.
Mr. Murray’s Career
Stephen had a passion for finance from a tender age. He was always intrigued by the workings of financial institutions. For that reason, it was not surprising when he chose to pursue an economics degree at Boston College, graduating with honors in 1984.
He furthered his education at Columbia Business School, where he earned a postgraduate degree in business administration. Murray joined Manufacturers Hanover Corporation in 1984, courtesy of the firm’s inaugural credit analyst training program. He would go on to work for its successor firms throughout his career. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
After five hugely successful years at Hanover, he moved to MH Equity Corporation, which was an amalgamation of Manufacturer Hanover’s leverage finance and private equity units. When Chemical Bank purchased Manufacturers Hanover in 1991, MH Equity was forced to merge with Chemical Venture Partners.
The firm joined hands with Chase Manhattan Corporation to form Chase Capital Partners. Murray played an important role in forming these partnerships. He became JP Morgan Partner’s head of buyout business in 2005. He consequently cofounded CCMP Capital, which was a splinter of JP Morgan Chase.
Mr. Stephen Murray is renowned for leading CCMP through a hugely successful era. His stint as the company’s chief executive officer saw it become one of the largest financial services firms in the world. He used this opportunity to mentor other corporate executives, which highlights why his experience will surely be missed.
He left the CCMP in 2015 to create space for upcoming executives. Prior to his death, he served on the boards of various corporations including Crestcom International, LHP Hospital Group, AMC Entertainment, Pinnacle Foods, Strongwood Insurance Holdings and Jetro JMDH Holdings.
Mr. Murray’s Philanthropy
Apart from his keen eye for business, Stephen Murray was also renowned for having a humane heart. Throughout his life, he staunchly supported initiatives that have gone on to have an enduring impact.
New York’s Make A Wish Foundation, Lower Fairfield County’s Food Bank, Columbia Business School, Stamford Museum and Boston College are among organizations that he directly supported.