Carter Mcintosh, a 28 -year investment banker at the Jefferies Financial Group office, was found dead on Monday, which caused a police investigation, the New York Post reported. McIntosh, who worked in the company’s technology, media and telecommunications team, was discovered in the residential apartment building in the Bell Knox district, according to the Dallas County Forensic Doctor Office. The cause of death is still unknown, and the authorities are still investigating. A source close to the matter confirmed that Mcintosh was not at work when he died.
“According to the date, the approximate time and location, this incident is being investigated as an inexplicable death,” said a public information officer of the Dallas Police. Business Insider.
In an internal memorandum sent to the staff on Tuesday, the Jefferies CEO, Richard Handler, and President Brian Friedman approached Mr. McInth’s death.
“With a tremendous sadness that we reported yesterday that Carter Mcintosh, one of our talented associates in Dallas, has died. We are in contact with Carter’s family, who know we are ready to support them in any way we can,” the note read.
McIntosh had been with the Jefferies office in Dallas since September 2023, serving as associate, according to his LinkedIn profile. Before joining Jefferies, he worked as an analyst at Moelis and Goldman Sachs in New York. He obtained a title in Finance of the University of Seton Hall.
Accusations of excess work
A first -year Jefferies analyst anonymously shared concerns in the Wall Street Oasis forum, stating that the company’s work culture has “out of control” and describes the bank as “horrible at this time.”
“Hopefully someone will do something to fix this. The company’s teams stretch too thin, the deadlines are increasingly aggressive and there is a very remarkable lack of consideration for the quality of life of Junior employees. My friends in other banks They cannot believe when they listen to what is happening in Jefferies, “the analyst wrote.
The death of the young banker occurs in the middle of the renewed scrutiny of the demanding work environment of Wall Street. The exhausting demands imposed on Wall Street workers were the subject of scrutiny last year after the death of the Bank of America investment banker, Leo Lukenas III, of the acute coronary artery thrombus. In the weeks before his death, Mr. Lukenas, a former green beret, worked regularly 100 hours to complete an acquisition project of $ 2 billion.
A source of Jefferies, who wanted to remain in anonymity, revealed that after the death of Mr. Lukenas, Jefferies Management encouraged the Junior bankers to openly express their concerns if they felt overwhelmed by their workload.
Last year, several Wall Street sources said The New York Post About terrifying health problems, as they are related to their occupation of high stress. ” There have been incidents in which analysts passed out at meetings due to lack of sleep/food, and other times when analysts are hospitalized due to panic attacks, and no one intervenes to verify them, “said an employee of the Bank of America.
By
