The new division will coordinate the company's activities within the sector to better meet demand for sophisticated recording solutions following sales growth of more than 35 per cent in the past 12 months.

The global finance team will be headed up by Lee Jones, Red Box's Chief Operating Officer, and based at three offices in London, New York and Singapore. As part of the development the company has committed to doubling its existing resource within the sector with additional sales, customer service and technical support roles both centrally and regionally.

Commenting on the initiative, Lee Jones said: "We have experienced strong growth within financial services globally, especially amongst brokerage firms where we are increasingly becoming a partner of choice. This latest move is designed to build on this success by coordinating our sales activity and supporting our partner programme with leading trading floor platform providers."