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Stephen B. Murray
Senior Investment Officer

Stephen joined Pan African Capital Group, LLC (PACG) in February 2007. Stephen helps to manage the group’s investment portfolio, with particular emphasis on investments in the financial services sectors of West Africa, and provides advisory and investment banking services to PACG’s diverse portfolio of clients. From 2000 to 2002, he worked for Modern Africa Fund Managers, LLC identifying and evaluating investment opportunities in sub-Saharan Africa. Immediately prior to joining PACG, Stephen worked for The Federal Reserve Bank of New York in the Emerging Markets and International Affairs group. Stephen worked on the Asia Desk at the Federal Reserve Bank of New York, and was responsible for assessing economic, financial, and political developments affecting global capital markets and financial institutions. Stephen authored a number of analytical briefings for Senior Federal Reserve officials including the implications of rising household credit in Emerging Markets, the development of Islamic banking and Shari’ah-compliant financial products, and the implications of foreign exchange reserve accumulation and diversification on the U.S. economy and global financial markets. Stephen started his professional career as a Credit Analyst at Summit Bank (New Jersey) and a Senior Associate at Credit Lyonnais (New York). He 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. Stephen is a British national and has traveled extensively through Africa, Asia, Europe, and Latin America.

Phone: 202.887.1772  Fax: 202.887.1788 Email:
Pan African Capital Group, LLC  1100 Connecticut Avenue, NW   Suite 330   Washington, DC 20036