The business world is chaotic, but often it is defined by the men and women that are willing to constantly work to ensure their company becomes successful. The last twenty years has seen numerous business leaders rise to the occasion, but one of the brightest minds was Stephen Murray. Stephen Murray had a profound impact on the financial industry, and he is responsible for the growth of CCMP capital, one of the largest private equity firms in the world.
Stephen Murray started his career as a young economics major at Boston College. He enjoyed his time at Boston College and he was able to make numerous connections that would help him later in life. After graduating from Boston College in 1984, Stephen immediately began working for Manufacturers Hanover Corporation. Stephen served as a credit analyst with the company, but he longed to do more. He received an MBA from Columbia Business School in 1989, and Manufacturers Hanover Corporation moved him to their private equity group.
Stephen Murray excelled at the private equity branch of Manufacturers Hanover Corporation, but the nineties were a chaotic time for businesses throughout the sector. Manufacturers Hanover Corporation was purchased by Chemical Bank in the early nineties. Chemical Bank was then purchased by Chase Manhattan. Chase eventually became JP Morgan Chase. These mergers were chaotic, but Stephen continued to work hard throughout each merger.
Stephen was well respected within the company, and eventually, he became head of the buyout business at JP Morgan Chase. In 2007, JP Morgan was looking to spin off their private equity arm. Stephen Murray was the obvious choice to lead the new company. CCMP was spun off from JP Morgan Chase and Stephen was named CEO of the company in 2007.
CCMP excelled under Stephen. They became an incredibly powerful private equity fund. They have $12 billion invested throughout the world. They are the 17th largest private equity fund in the world and are considered a force throughout the industry. Learn more about Stephen Murray CCMP Capital: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145
Stephen was an amazing businessperson, but he also dedicated himself to helping the world. He gave generously to the Make-A-Wish foundation, with both his money and his time. Stephen also gave to local food banks because he cared deeply about the poor. Finally, Stephen kept a strong relationship with Columbia and Boston College and gave to these institutions.
Unfortunately, Stephen Murray died in 2015. He is missed, but his colleagues remember him for his commitment to hard work and his dedication.