Steve Murray served s the CEO of CCMP Capital until his death in the early months of 2015. The company itself is one of the largest on Wall Street, and Stephen created a leadership team that was able to easily continue with his mission after he was gone. This article explains how Stephen created one of the largest secondary funds on Wall Street, trained his staff and left a legacy of preparation with his company.
#1: What Is CCMP Capital?
CCMP Capital the investment bank tied to Chase Bank of New York. Chase Bank has had many names itself, and CCMP Capital has gone through many iterations over the years. The company has not changed much in the time since it began its slew of name changes, and one of the common figures at the company was Stephen Murray. Stephen began with the company long ago as an analyst, and he rose through the ranks until he was a member of the executive team. Stephen became the CEO after being chosen by his predecessor, and he immediately set out to train the executive team.
#2: What Was Stephen’s Mission?
Stephen Murray chose to grow the company as much as possible during his time with the company, and he chose to create a new secondary fund that would be worth billions. The fund would take on new customers for the bank, and Stephen set about funding it as quickly as possible. The capitalization of a fund of that size takes quite a long time, and Stephen fell ill while he was still working on the fund.
There are many private and business investors who have put their money into the new fund from CCMP Capital, and every one of them deserved the best customer service possible. If Stephen were to take gravely ill, he had a plan in place to serve every customer.
#3: Stephen’s Untimely Death
Stephen Murray took a leave of absence from CCMP Capital that was expected by many, and he died peacefully at home soon after. CCMP Capital was prepared for this eventuality, but they took on the task of following in Stephen’s footsteps with grace and dignity. Stephen was honored by the company, and the executive team quickly closed ranks to reorganize itself. Stephen trained may of the people under him, and he taught these people how to react in just such an event.
The death of Stephen Murray could have been a death knell for their new secondary fund, but Stephen’s amazing training helped his executive team reorganize quickly. CCMP waited the requisite time before trading again on their new fund, and the company is stronger than ever due in large part to the work that Stephen Murray did as CEO.