Chris Bingaman Appointed As President Of Diamond Hill Capital Management

(RTTNews) - Diamond Hill Investment Group Inc. (DHIL) announced Tuesday that it has appointed Chris Bingaman as President of Diamond Hill Capital Management, Inc. effective January 1, 2014. Bingaman is expected to succeed Ric Dillon as Chief Executive Officer in January 2016.

The company noted that Dillon will assume the role of Vice Chairman of the Diamond Hill Investment Group Board, effective January 1, 2014. Dillon is expected to succeed Don Shackelford as Board Chairman in 2015 when Shackelford's term expires. Dillon also intends to continue to serve as a portfolio manager.

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. 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. 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, Wesolek held senior roles at various institutions including JPMorgan Asset Management and Wells Fargo Funds Management Group.