The death of a Jefferies banker has sparked fresh scrutiny over brutal hours clocked by juniors, with angry analysts demanding change and some in the senior ranks rethinking work-life balance.

Carter McIntosh, an associate in Jefferies’ Dallas-based technology investment banking team, passed away, according to a 28 January memo sent to the bank’s employees. Police said his death was “unexplained”, while bank executives expressed “tremendous sadness” at his passing and have promised to support his family.