Stephen Murray

Principal
CrossBoundary

Stephen is a Principal at CrossBoundary, a mission driven investment firm that unlocks capital for sustainable growth and strong returns in underserved markets.  Stephen has 25 years of experience in Emerging & Frontier Markets overseeing investments, financial management and the execution of strategic plans.  Stephen has worked across a broad range of industries and sectors with specific expertise in financial services, agribusiness, energy, and communications.  Stephen is passionate about financial inclusion and fostering innovation and improving operations to achieve efficiency gains and better manage risk in Emerging & Frontier Markets. 

    

Prior to joining CrossBoundary in 2019, he previously served as Managing Director, Africa and the Middle East, for Aldwych Capital Partners (“Aldwych”), a special situations boutique investment bank focused on capital markets, M&A advisory, and project finance.  Stephen spent a decade at Pan African Capital Group, LLC (“PACG”) where he managed investments, philanthropic initiatives, and political advocacy in Sub-Saharan Africa. Stephen co-managed the group’s investment portfolio, with particular emphasis on investments in the financial services sectors of West Africa.  From 2007 to 2016, Stephen served on the Board of International Bank (Liberia) Limited. 

 

Prior to joining PACG, Stephen worked at The Federal Reserve Bank of New York in the Emerging Markets and International Affairs group, where he was responsible for assessing economic, financial, and political developments affecting global capital markets and financial institutions in a number of Emerging Markets.

 

Stephen has served on the SID-Washington Board, and on the Budget and Finance Committee, since 2018. He is also a Non-Executive Director at an early stage satellite communications company and Board Member of Yamba Malawi, a non-profit organization working with vulnerable communities in Malawi to break the cycle of poverty.  Stephen graduated with honors from Villanova University with a degree in International Business and received his MBA from Georgetown University’s McDonough School of Business in 2002.