A financial services specialist and caring, thoughtful human being, Stephen P. Murray is best known for his role as founding president and CEO of CCMP Capital. Murray held those positions until his death in March 2015. He was known for his astute judgement and excellent skills.
Murray became involved the parent company of CCMP when he completed his economics degree at Boston College in 1984. Over the course of 3 decades he saw the name of the company change from MH Equity Corporation, to Chemical Venture Partners, to Chase Capital Partners, to JP Morgan Partners until it finally became CCMP – read more: CCMP Capital Resumes Business After Death of Stephen Murray and CCMP’s Murray dead at 52.
During the more than 30 years Murray was involved with the company, the husband and father of four did a lot to help the less fortunate. He volunteered a significant amount of time and money to the Make-A-Wish Foundation, the Stamford Museum, and the Lower Fairfield County Food Bank.
He was involved in helping his alma maters Boston College and Columbia Business School, where he had earned his MBA in 1989. Murray also give his time to a wide variety of very well known companies including Pinnacle Foods, AMC Entertainment, Aramark, and several others.
Murray became involved in the financial services industry when he participated in the Manufacturers Hanover Corporation’s credit analyst training program in 1984. That set him on a path that would enable him to work with some of the world’s largest and most respected financial institutions.
They included Chemical Bank, the Chase Manhattan Corporation, and J.P. Morgan & Company. Murray’s knowledge of leveraged finance and business buyouts made him invaluable to his company’s growth and success. When the decision was made for JP Morgan Chase to make it’s private equity group an independent company called CCMP, Stephen Murray was chosen to run it.
Murray did a masterful job of running the company. Several divisions were spun out and CCMP focused on its core services much to the delight of its growing customer base.
The company became leaner, yet larger and more profitable. With the very experienced Murray at the helm, CCMP developed a reputation for excellence and success. He was able to use the company’s assets very effectively. These changes helped CCMP Capital quickly became one of the world’s top 20 private equity funds.
By the time of Stephen Murray’s death, CCMP had $12 billion is assets and offices in London, New York, Tokyo, and Hong Kong.
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