New chairman and board for ORX

The Operational Risk data eXchange (ORX) has elected Giulio Mignola, head of operational risk at Italian banking group Intesa Sanpaolo, as its new chair. Mignola succeeds Joseph Sabatini, supervisory relationship manager and previous head of operational risk at JPMorgan Chase.

Mignola thanked his predecessor Sabatini for his “clear vision and leadership”. Sabatini served as chair of the loss-data sharing consortium from 2006. Mignola said he was “delighted” at the announcement and looks forward

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