Stephen Murray was founding president and CEO of the well-known CCMP Capital. But the experienced financial services professional also made time for philanthropic work. He was on the Make A Wish Foundation chairman’s board, gave generously to the Lower Fairfield County Food Bank, and was also on his alma mater Boston College’s board of trustee. Plus he also took time out to work on the board of a number of major companies. They included Legacy Hospital Partners, AMC Entertainment, and Generac Power Systems. In addition to this he was a loving husband and father of four wonderful children. When he died in March 2015, it left a hole in the lives of many people.
A graduate of Boston College with an economics degree, Stephen Murray began working in financial services soon after graduation in 1984. His entry into the field was his participation in Manufacturers Hanover Corporation’s credit analyst training program. Read more: Ex-CCMP Capital CEO Steve Murray passes away
After graduating from Columbia Business School with a Masters in Business Administration, he was given a position in the company’s leveraged finance unite of their private equity group called MH Equity. He remained with the company through their merger first with Chemical Bank in 1991, Chase Manhattan in 1996, and J.P. Morgan & Co. in 2000.
When the company, then called JP Morgan Chase joined with Bank One in 2004, it was decided the leveraged finance unit should be spun out and become a stand alone company (Read more: Stephen Murray, The Great Investor and Deal Maker for CCMP Capital). That company was called CCMP Capital. Murray, who had been with the company for about 30 years at that time, was named president and CEO. CCMP quickly become one of the financial world’s largest private equity investment firms.
Murray oversaw the spinoff of many of its divisions including Panarama Capital which handled investments in life sciences and information technology, and Unitas Capital and Linzor Capital that handled CCMP’s transactions in Asia and South America respectively. Learn more about Stephen Murray CCMP: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees
Although Stephen Murray was only 52 years old when he died, he has had a lasting impact on many people, businesses, and charitable organizations. He was a brilliant equity investor and deal maker and was very generous with his time, talent, and resources. His death, which was attributed to ‘health related reasons’, was a great loss to many people. The Stamford, Connecticut resident is survived by his wife Tami A. Murray as well as his 4 beloved sons. Stephen Murray’s wife and children were his pride and joy.
Learn more about Stephen Murray CCMP: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/