The death of Stephen P. Murray came as a shock to many who knew the famous business mogul and investor. According to a report by CCMP Capitals spokeswoman, Mr. Murray died on March 12th although no other information has been released concerning the cause of his death.
Stephen P. Murray was the president and CEO of CCM Capital before his resigning a month before he met his end. He will be remembered by many as the man who steered CCM Capital to its unprecedented success after Mr. Murray, and his company left JP Morgan Chase bank to avoid a conflict of interest with one of its principal client.
Stephen P. Murray was born and raised in Westchester County, New York. Since an early age, he was always interested in business operations, and this may have been the reason why he opted to pursue a degree in economics (you can learn more about Stephen Murray CCMP: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/). He graduated from the prestigious Boston University with a degree in economics in 1984. In 1989 while still working a credit analyst, Stephen p. Murray graduated with a Master’s in Business Administration.
After his graduation in 1984, Stephen P. Murray got a job as a credit analyst at a New York firm called Hanover Trust and co. This was an institutional investor where he steadily rose through the organization’s ranks to become the president of the Middle lending market lending company.
After he acquired his master’s degree in 1989, Mr. Murray the private equity and leveraged finance unit of Manufacturers Hanover.
A subsequent three mergers with several groups saw the organization become a part of the famed JPMorgan in the year 2000. Mr. Murray hard work and contribution to the success of the team was rewarded with an appointment as the head of the teams buyout business in the year 2005. Learn more about Stephen Murray CCMP: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/
JPMorgan as the organization was known before it became CCMP Capitals was a public company investing in middle-market business alongside other banks private equity clients.
A conflict of interests arose when the organization outbid Blackstone Group LP, KKR & CO. and TPG Capital for the Dublin-based drug maker Warner Chilcott. This angered the KKR & Co. investors who threatened to withdraw their investments from JPMoragan leading the subsequent split of Stephen P. Murray and Co. to form 0CCMP capital.
Stephen P. Murray was a very generous person and will be forever remembered for the many charity deeds that he used to partake like helping education institutions.
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