Diamond Hill Names Chris Bingaman President And Lisa Wesolek Chief Operating
COLUMBUS, Ohio, Nov. 26, 2013
COLUMBUS, Ohio, Nov. 26, 2013 /PRNewswire/ -- Diamond Hill Investment Group,
Inc. (NASDAQ: DHIL) announced the appointment of Chris Bingaman as President
of Diamond Hill Capital Management, Inc. effective January 1, 2014. Mr.
Bingaman is expected to succeed Ric Dillon as Chief Executive Officer in
January 2016. Mr. Dillon will assume the role of Vice Chairman of the Diamond
Hill Investment Group Board, effective January 1, 2014. Mr. Dillon is
expected to succeed Don Shackelford as Board Chairman in 2015 when Mr.
Shackelford's term expires. Mr. Dillon also intends to continue to serve as a
Mr. Bingaman joined the firm in 2001 and has made meaningful contributions
during his tenure, serving as a portfolio manager for Diamond Hill's Financial
Long-Short Fund and a co-portfolio manager for Diamond Hill's Long-Short
Fund. He was named Co-Chief Investment Officer in December 2011. Mr.
Bingaman will continue to serve in these roles.
In addition, Lisa Wesolek was appointed Chief Operating Officer of Diamond
Hill Capital Management, Inc. effective January 1, 2014. Ms. Wesolek joined
the firm as Managing Director and Head of Distribution in June 2012 with
responsibility for the firm's distribution strategy including business
development, marketing and client service. She will maintain these
responsibilities as Chief Operating Officer. Prior to joining Diamond Hill,
Ms. Wesolek held senior roles at various institutions including JPMorgan Asset
Management and Wells Fargo Funds Management Group.
Ric Dillon, CEO, said, "I am very excited about both of these new roles. To
fulfill our fiduciary duty to clients, we must properly position Diamond Hill
for continued success, which includes adequate succession planning. Our
primary goal is to provide our clients with competitive long-term investment
results. Chris understands the importance of this fiduciary responsibility and
will maintain the firm's primary investment focus."
"Given the competitive nature of our industry, we must also think about the
sustainability of our business. Client service and retention is an important
aspect of sustainability. During her tenure, Lisa has brought significant
experience in attracting and retaining clients," Dillon concluded.
About Diamond Hill:
Diamond Hill is an independent investment management firm with significant
employee ownership and $11.5 billion in assets under management as of October
31, 2013. The firm provides investment management services to institutions and
individuals throughmutual funds, institutional separate accounts, and private
investment funds. Diamond Hill's entire investment team shares the same
intrinsic value investment philosophy focused on absolute returns, and the
firm's interests are firmly aligned with its clients through significant
investment in its strategies. For more information on Diamond Hill, visit
SOURCE Diamond Hill Investment Group, Inc.
Contact: Investor Contact: James F. Laird, Chief Financial Officer,
614-255-3353, firstname.lastname@example.org; Media Contact: Susan Stuart, Director -
Client Relations & Communications, 614-255-3348, email@example.com
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