Proxima, which has a long track record of helping Financial Services organisations, is formalising its product and service offerings to clients in these sectors, by establishing a framework within which its new solutions can be delivered.

Headed up by Ian Ingram, Proxima's Client Services Director, the new financial services hub will provide comment, analysis, insight and reaction to developments around banking, insurance and other financial services businesses. The aim is to capture new opportunities for companies to manage their costs in a proactive, value accretive way; helping them mitigate risk, share innovation and meet regulatory commitments.

Commenting on the new provision, Matthew Eatough, CEO of Proxima, said: "Financial services act as a barometer for the UK economy as a whole, so it is appropriate for us to dedicate ourselves to identifying ways that financial focused organisations can better manage their costs. Given the continuing fragility of the British economy, shareholders will increasingly expect senior management to protect growth prospects while the low growth environment persists. The truth is that the opportunities that are inherent within proactive cost management activities are vast. Proactive management of supplier costs can actually deliver return on investment in its own right and the potential profit uplifts that can result should not be overlooked by responsible directors".