Before his death on March 12, 2015, Stephen P. Murray proved himself to be a stand out in his field. Over the course of his career, Murray consistently moved up the ranks of first Chase Manhatten and later JP Morgan Chase, until he ultimately co-founded CCMP Capital, where he served as CEO from 2006 until shortly before his death in 2015.
Born on August 2, 1962, Stephen Murray was born and raised in Westchester County, New York. He attended Boston College and recieved a Bachelor of Arts degree, and went on to receive a Masters in Business Administration from Columbia University in New York.
He began his career in the financial industry when he was hired at Hanover Trust Co. in 1984. In his time at Hanover, Murray rose to become a vice president of middle-market lending.
In the year 2000, and several mergers later, Manufacturers Hanover becacam a part of JPMorgan. At this time, Murray was a part of an equity and leveraged-finance unit which was a predecessor to CCMP. Murray was named head of this unit in 2005, and would later spin-off to co-found the now independant CCMP.
Around 2014, Stephen Murray CCMP Capital became its own independent entity. The reasons for this move were based around JPMorgan’s desire to not be seen to be giving preference to an in-house firm, which had been alleged before the separation.
In addition to his distinguished career, Stephen Murray also proved himself to be a generous philanthropist. Over the course of his life, he supported the Make-A-Wish Foundation, the Food Bank of Lower Fairfield County, the Stamford Museum, and the Colombia Business School.
He also served as the vice chairman of the board of trustees and Boston College, and was a member of the chairman’s council of the Make-a-Wish Foundation of Metro New York.
Learn more about Stephen Murray CCMP Capital: http://www.nytimes.com/2015/03/01/realestate/west-village-townhouse-for-17-million.html?_r=0
Stephen P. Murray spent his life in the financial industry and showed himself to be a more than capable businessman. But in addition to that he also showed that he cared about those around him. His charitable life, as well as his family life, show a man who was interested in more than just business, and that is part of his legacy as well.