JP Morgan has split its export finance business into two global segments to streamline the firm’s operations, with Lillian Labbat and John Meakin heading up new divisions.

A JP Morgan spokesperson says to GTR: “John Meakin has been named global head of aviation export finance, and Lillian Labbat, global head of structured export finance, covering MLAs and industrials. Both previously had regional roles.”

The breakdown of these businesses has been “to streamline our ECA practice to give each more focus and global perspective. Since export finance is such a global business, it made much more sense to give John and Lillian global responsibilities”, adds the spokesperson.

Labbat and Meakin will report into Jeremy Shaw, Emea head of trade finance and global head of export finance.

Commenting on the appointments, Shaw says to GTR: “It was important to adjust our business model to become more globally aligned, as the economic environment for export finance continues to take shape and our clients look to expand internationally. Leveraging John and Lillian’s expertise on a more global scale will only improve our focus on clients in aviation and industrials, as we continue to see more cross-border activity in these sectors.”