ANZ has streamlined its global loans business by merging its project and structured finance division with structured export finance.

The new division, called project and export finance, will be led by Paul Orton, previously global head of specialised lending.

Commenting on the structural change, global head of structured export finance at ANZ, Paul Richards, tells GTR there will be no material change to the way the bank operates its business.

“Project and export finance have always worked closely with one another so the changes are an enhancement to our current operating model,” he says.