Banker at boutique investment firm dies at 28 as Wall Street’s brutal work culture comes under the microscope
A young tech banker with the boutique investment firm Jefferies has died over the weekend, amid accusations of its work culture "getting out of hand".
A high-flying young tech banker with the boutique investment firm Jefferies died over the weekend, sources briefed on the matter have told The Post.
Carter McIntosh, 28, joined the bank’s Dallas office as an associate in September 2023, according to his LinkedIn page.
“It is with tremendous sadness that we report we learned yesterday that Carter McIntosh, one of our talented associates in Dallas, has passed away,” wrote Jefferies chief executive Richard Handler and bank president Brian Friedman in a memo seen by The Post.
“We are in touch with Carter’s family, who know we stand ready to support them in any way we can,” the financial news agency quoted them as saying.
The cause of death remains unknown and is still being investigated, a source familiar with the matter told The Post, adding that McIntosh was not in the office at the time of his passing.
A spokesman for Jefferies declined to comment.
Mcintosh previously worked at Moelis and Goldman Sachs in New York as an analyst after graduating from Seton Hall University with a degree in finance.
A first-year analyst who said they worked for Jefferies took to the popular Wall Street Oasis forum on Tuesday to argue that the firm’s working culture “has gotten out of hand” and claiming the bank is “horrible right now.”
“Hopefully someone does something to fix this,” the banker wrote. “The firm’s teams are stretched too thin, timelines are increasingly aggressive, and there’s a very noticeable lack of consideration for junior employees quality of life. My friends at other banks can’t believe when they hear what’s going on at Jefferies.”
https://www.skynews.com.au/business/finance/banker-at-boutique-investment-firm-dies-at-28-as-wall-streets-brutal-work-culture-comes-under-the-microscope/news-story/97f95cf920de61d3000ed56e9f85d5d3
WEIRD AF chief executives name is Richard Handler