Nov. 26, 2013
/PRNewswire/ -- Diamond Hill Investment Group, Inc. (NASDAQ: DHIL) announced the appointment of
as President of Diamond Hill Capital Management, Inc. effective
, 2014. Mr. Bingaman is expected to succeed
as Chief Executive Officer in January 2016. Mr. Dillon will assume the role of Vice Chairman of the Diamond Hill Investment Group Board, effective
, 2014. Mr. Dillon is expected to succeed
as Board Chairman in 2015 when Mr. Shackelford's term expires. Mr. Dillon also intends to continue to serve as a portfolio manager.
Mr. Bingaman joined the firm in 2001 and has made meaningful contributions during his tenure, serving as a portfolio manager for
Financial Long-Short Fund and a co-portfolio manager for
Long-Short Fund. He was named Co-Chief Investment Officer in December 2011. Mr. Bingaman will continue to serve in these roles.
was appointed Chief Operating Officer of Diamond Hill Capital Management, Inc. effective
, 2014. Ms. Wesolek joined the firm as Managing Director and Head of Distribution in
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
, Ms. Wesolek held senior roles at various institutions including JPMorgan Asset Management and Wells Fargo Funds Management Group.
, CEO, said, "I am very excited about both of these new roles. To fulfill our fiduciary duty to clients, we must properly position
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.