Edward (Eddie) James McCarthy Jr. of Milton and Chatham suddenly passed away on April 24, 2020. Ed was loved by all and will be mourned by everyone he knew, most greatly by his devoted wife of over 30 years, Catherine (Katie) Doonan McCarthy, and his cherished son, Edward (Teddy) James McCarthy III.
Born August 1, 1959, and raised in Milton, Eddie was the beloved son of the late Edward James McCarthy and Martina C. Sullivan McCarthy.
Ed had a close and loving relationship with both of his parents. His father, Ed Sr., had a stellar 70 year (1929-1999) career with the Federal Reserve in Boston, and his mother was an accomplished watercolor artist in her own right. Following in his father’s footsteps, Ed made his career in the financial world and also possessed his mother’s artistic talents, demonstrated through his musical ability.
Eddie graduated from Xaverian Brothers High School in Westwood in 1978 and continued on to Northeastern University, graduating in 1983 with a degree in finance. Upon graduation, Ed moved to New York and worked on Wall Street, becoming a respected bond trader at a young age. He started his career with Carroll, McEntee & McGinley and then joined County NatWest Government Securities, where he made lifelong friends and rose through the ranks to vice president at both institutions.
After a number of years dating Katie long distance, Ed made his way back to the Boston area in 1989 and joined Fidelity Investments as a government securities trader. Ed was one of the initial and founding employees of Fidelity’s Capital Markets division. He was FCM’s primary trader for U.S. Treasuries and assumed responsibility for Fidelity’s participation in the U.S. Treasury Auction in 2014.
With over 35 years of experience, Ed was one of the most knowledgeable traders in the industry and highly regarded as an expert in Government Bond trading. He served as a mentor to numerous colleagues throughout his career. After 28 years and much soul searching, Ed retired from Fidelity. Bored with retirement, his passion for the financial markets called him back into service consulting with many colleagues near and far. Ed’s father was a founding member of the Government Bond Club of Boston, where he, too, was a member.
When Ed and Katie met on New Year’s Eve in 1984, the fireworks began. They were married in 1989 and in 1998, they welcomed their son Teddy. They made their home in Milton and then in 2012 spent summers and many weekends at their “happy place” in Chatham. Ed treasured spending time with his family, being a husband, partner and golf coach to Katie and father and best friend to Teddy. He and Teddy enjoyed an enviable bond.
Eddie was one of those rare people who was easy to know. He was friendly to all, happy to meet new people, and had a warm and welcoming demeanor. He had a great and infectious laugh and was a best friend to all. Ed was often seen in full golf attire, with coffee in hand, sporting shorts in the middle of winter. Eddie was never happier than being with his wife, son, and extended family no matter what the occasion.
He especially enjoyed being on the Cape at his home in Chatham gearing up for a day of golf. Ed, an avid golfer who learned the sport at an early age from his father and passed his love of the game on to his son, was a long-time member of Wollaston Golf Club in Milton and the Eastward Ho! Country Club in Chatham. Ed was a former member of the Milton-Hoosic Club in Canton, where he scored a hole in one in 1987 and won the Robinson Invitational in 2006. He also served on the board of governors while a member. The Milton-Hoosic Club held a special place in his heart.
Ed was a talented drummer who played for enjoyment but also dabbled playing in a band. The band made several appearances at the Beachcomber in Quincy, where Katie was his biggest fan. He was honored to be asked to make a guest appearance on drums at his friends’ weddings. He passed this love of music on to his son Teddy, who enjoyed playing the drums as a child and most recently began learning to play the guitar under the tutelage of his father.
In addition to his wife and son, Eddie is survived by his brother-in-law Robert (Rob) Doonan and wife Karin of Cohasset; brother-in-law Jonathan (Jay) Doonan and wife Katie of Needham; and sister-in-laws Marya Doonan of Naples, Florida, and Gretchen (Noeltner) Doonan of Dedham.
He was predeceased by his brother-in-law, James M. (Jim) Doonan Jr., and his in-laws, Dr. James M. and Mary P. Doonan.
Ed was also the adored uncle of Patrick, Connor, Brendan, Ellen, Terence, and Cameron Doonan. All of his in-laws and his nephews and nieces loved spending time with him no matter the season or the reason. Ed also leaves behind numerous beloved cousins.
Due to current restrictions, a celebration of his life will be scheduled at a later date. In lieu of flowers, donations in Ed’s memory can be made to the American Heart Association, 300 5th Ave., Waltham, MA 02451.
To send a sympathy message to the McCarthy family, visit www.dolanfuneral.com.