Nick Finegold, who surprised the equity market when he quit his job at Deutsche Bank nearly a year ago, has re-emerged as boss of his own show - with the backing of the German investment banking giant.

Finegold, who had been head of sales trading at Deutsche, has set up Execution Ltd. When the firm receives the necessary green light from the Financial Services Authority, it will effectively act as what Finegold calls 'a deeply old-fashioned agency broker'.