Home » Chemical Bank
Category Archives: Chemical Bank
Stephen Murray was CCMP Capitals former Chief Executive Officer and co founder. The company was based on private investments through capital transactions and buyouts. Because of certain health issues he was experiencing, Stephen unffortunetely ended up having to retire early from his position. Stephen was born in New York in 1962 where he lived with his family until he starting going after his career.
Before getting started, Stephen went on to attend Boston College, where he earned his Bachelor’s Degree to get him started. A little later on, he also further expanded his education by attending Columbia University where he received a Master’s in Business Administration. Learn more about Stephen Murray CCMP Capital: http://blogs.wsj.com/privateequity/2015/03/13/former-ccmp-ceo-stephen-murray-dies-at-52/
Stephen Murray first put himself out there for employment in 1984, and he was able to land a job at Manufacturers Hanover Trust Company as a credit trainee, which was close to home in New York. Stephen managed to work all the way up to Vice President of the company by showing his impressive determination and work ethic.
Once Manufacterors Hanover became part of the MH Equity Corporation, Stephen Murray went on to join the new company’s team. Then, in 1991 the company was taken over by the Chemical Bank, which caused more merging for the MH Equity Corporation and spawned the Chemical Venture Partners. Following through the transitions, Stephen Murray finally saw himself working at JP Morgan, which took over the company as its own in 2000.
JP Morgan had a main focus on investments from private clients and within the middle markets, and in 2005, Stephen managed to become the company’s head of bank buyouts. Stephen went on to co-found CCMP Capital Advisors as a sort of spin off of the company. It didn’t take long at all before the company had teams working under it, for equity and growth. Stephen was also appointed as the company CEO because he had a talent for making good deals and investing with private equities.
More impressive than just his talents in business, was that Stephen was a passionate phanthropist who wanted to give back to the communities and help other people. He spent time working with and supporting several organizations for charity, such as The Food Bank and Make a Wish Foundation.