When it comes to handling large sums of money, it takes a special kind of person to balance the need for profit against the reality of risk management. Stephen Murray was just such a person, which is why many industry insiders are still feeling his passing last year.
Having left CCMP Capital suddenly back in February of last year due to health related reasons, Murray had become a seasoned and respective professional within the world of equity.
Having devoted much of his career to CCMP, dating back to 1989, his passing has been particularly felt by that private equity firm. As one of the world’s largest private equity firms at one point, Murray saw through the transition from Chase Capital Partner to JPMorgan Partners, and again to CCMP Capital.
He was an industry insider and was a guiding force behind taking the firm independent in 2006. At that point, he was named CEO where he remained until just before his death in 2015.
In addition to his role as CEO, Murray was highly sought after for his position on various domestic and international boards. Recently, these included Strongwood Insurance Holdings, Octagon Credit Investors, Crestcom International, Jetro JMDH Holdings, Infogroup Inc., and LHP Hospital Group.
This demonstrates his immense knowledge of equities and the truth that many industry professionals respected his position and insight. His sudden passing came after an apparently brief battle for an undisclosed illness. Read more: CCMP :: Team and CCMP Capital Advisors Gets Backing to Resume Investing From Fund
With an educational background that began with a degree in economics from Boston College in 1984, Stephen Murray also earned a Master’s degree in Business Administration from the prestigious Columbia Business School.
From there, he immediately began a successful career in the equities field with some of the major players in the financial world, including Chase Manhattan.
Stephen Murray was also known for his charity work. Most notably, he supported the Make-A-Wish Foundation in the New York area. He was also known to contribute heavily to the Food Bank of Lower Fairfield County, demonstrating his commitment to the community in which he lived and work for most of his life. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/ and http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees
His other philanthropic endeavors included Boston College, Columbia Business School, and Stamford Museum. At one time, he was also the vice chairman of the Board of Trustees at Boston College, in addition to holding a seat on the chairman’s council of the Make A Wish Foundation in the Metro New York Area.