Stephen P. Murray is proof enough that leaving a positive legacy of any kind will go a long way for a name in the future. His knowledge of finances and businesses helped him build that name for himself.
Stephen Murray was born on August 2, 1962 and was a native of Brooklyn, New York but grew up for most of his life in North Tarrytown. He went to Sleepy Hollow High School but only seriously began taking an interest in economics when he enrolled in at Boston College.
Once there he graduated in four years with a bachelor’s degree in economics in 1984. By 1989 he had earned his own advanced degree, a masters in business administration from the Columbia Business School.
Between his college and graduate studies, Murray joined a credit analyst program for Manufacturers Hanover Corporation in 1984 and then truly joined the MH Equity Corporation immediately after he had earned his masters degree.
This corporation, which was a bank holding company, was a unique combination of the private equity group from Manufacturers Hanover and the leverage financing unit from that same company. After years and years of working with the financing company, they eventually went through several business mergers in the process and the end result was JP Morgan Chase.
Murray’s most famous and well-known recognition is the fact that he was a co-founder of Stephen Murray CCMP Capital, a new company that was a spinoff of JP Morgan Chase, in 2006. The company’s goal was to maintain the buyout and balance the growth equity of the leverage groups involved.
Murray was named the CEO of the company in 2007 and CCMP was responsible for raising $3.6 billion in 2014 in a funding round that allowed them to expand their parameters.
When not busy managing finances for equity loans, Stephen P. Murray has dedicated some of his free time into other volunteer activities. A major example of this being his consistent support of the Make-A-Wish Foundation in the New York area, as well as being a chairman on the member’s council.
Murray has also shown commitment to his alma mater, Boston College, serving on the school’s board of trustees as the vice chairman at one point. Other causes he has taken up include giving to the Columbia Business School, the Stamford Museum and the Food Bank of Lower Fairfield County.
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