Over the years, investment banking has been considered as one of the safest ways of investing different types of resources. Through investment banking, many people have developed businesses that have continued to boom in the international arena. Through these investment banks, many governments across the world have accessed financial assistance for structural investment thus providing alternative source of funding. As such, many investment firms have emerged globally offering services that have seen the development and advanced other prospective business entities. CCMP Capital is one of the leading investment firm based in New York United States of America. The firm has grown in asset acquisition and management into a world-class investment hub that has attracted many people and companies across the world. The firm was formerly known as JP Morgan and over the years it has transitioned into its current states. These developments have seen the firm acquire global recognition in the delivery of professional services to the citizens.
The company on crunchbase has continued to grow in investment and it has registered an increase of 12 billion dollars in leverage buyouts and growth capital since its establishment. As such, this provides a clear map towards ensuring the company delivers on its mandate and policies. Due to its development initiative CCMP Capital has grown and opened other offices in Hong Kong, London and Singapore in a mid to expand its services to other parts of the world. The history of the firm dates back in 1984 when the firm was formerly known as Chemical Venture which was an investment part of the Chemical Bank. Chase Manhattan bank later acquired the chemical bank in 1996 forcing the firm to change its name to Chase Capital Partners. These have been the transitions that have seen the firm evolves systematically through the ranks into its current state Stephen Murray CCMP Capital.
Stephen Murray is one notable personality that has developed the company to its present state. He was the Chief Executive Officer and President of CCMP Capital until he resigned due to health complications. He graduated with a degree in economics from the Boston College and later a master’s degree in business administration from the Columbia Business School. Here, he got the desired skills to invest in the investment field with the aim of emerging as one of the leading and recognized individuals of all times. He landed his first employment opportunity in 1984 immediately he graduated at Manufacturers Hanover Corporation. He worked as a credit analyst and later moved through the ranks with subsequent acquisition of the firm into its current state where he was appointed the president. He successfully governed the firm until March 2015 when he resigned from the firm due to health related complication. He later died at the age of 52 years.