Diamond Hill Appoints Mark Zinkula to Its Board of Directors

Rhea-AI Summary

Diamond Hill Investment Group (NASDAQ: DHIL) has appointed Mark Zinkula as a new director, effective immediately. Zinkula, a CFA, brings over 30 years of experience in the financial sector, including a notable tenure as CEO at Legal & General Investment Management, where he tripled assets under management to over $1.5 trillion. He will participate in the Audit, Compensation, and Nominating and Governance Committees. CEO Heather Brilliant and Board Chair James Laird expressed confidence in Zinkula's expertise, emphasizing his alignment with the company’s client-first approach. Diamond Hill currently manages $26.4 billion in assets.

Positive

• Mark Zinkula brings over 30 years of financial industry experience, enhancing the Board's expertise.
• Expectations for improved investor outcomes with Zinkula's client-first mentality.

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• None.

COLUMBUS, Ohio, Feb. 23, 2023 /PRNewswire/ -- The Board of Directors ("Board") of Diamond Hill Investment Group Inc. (NASDAQ: DHIL) ("Diamond Hill") today announced the appointment of Mark Zinkula, CFA, as Director, effective immediately. Mr. Zinkula will serve on the Audit Committee, the Compensation Committee and the Nominating and Governance Committee.

Mr. Zinkula previously held various positions at Legal & General Investment Management ("LGIM"), most recently serving as CEO from 2011 until his retirement in 2019. Under his leadership, LGIM's assets under management tripled to more than $1.5 trillion. Mr. Zinkula also held various roles at Aegon Asset Management from 1991 to 2006, including serving as Global Head of Fixed Income and as a Senior Portfolio Manager. In addition to his more than 30 years of experience in the financial services industry, Mr. Zinkula has served on boards and councils of several industry and non-profit organizations, including currently serving on the board of Smart USA Co.

"Mark's experience as both an investor and CEO in the industry make him a valuable addition as we continue our focus on delivering excellent outcomes for our clients and shareholders," said Heather Brilliant, Diamond Hill CEO and President. "We are pleased to have Mark join the Board and look forward to working with him."

"I am impressed by Diamond Hill's commitment to investor outcomes," said Zinkula. "I look forward to working with a group whose client-first mentality aligns well with mine."

The members of the Board of Directors now include Brilliant as well as independent directors James Laird (the Board Chair), Zinkula, Scott Cooley, Randolph Fortener, Paula Meyer, Nicole St. Pierre and L'Quentus Thomas.

"The robust experiences of our directors position the Board well to continue to provide guidance and oversight to Diamond Hill in all market environments," said James Laird, Board Chair. "We are confident Mark will be a strong addition to the group."

Mr. Zinkula holds a Bachelor of Arts in Economics from Central College and both Master of Arts and Master of Business Administration degrees from the University of Iowa.

About Diamond Hill
Diamond Hill invests on behalf of clients through a shared commitment to its valuation-driven investment principles, long-term perspective, capacity discipline and client alignment. An independent active asset manager with significant employee ownership, Diamond Hill's investment strategies include differentiated US and international equity, alternative long-short equity and fixed income. As of January 31, 2023, Diamond Hill has $26.4 billion in assets under management. For more information, visit www.diamond-hill.com.

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SOURCE Diamond Hill Investment Group, Inc.

FAQ

Who is Mark Zinkula and what is his background with DHIL?

Mark Zinkula is the newly appointed director of Diamond Hill Investment Group. He has over 30 years of experience in finance, including serving as CEO at Legal & General Investment Management, where he significantly increased assets under management.

What committees will Mark Zinkula serve on for DHIL?

Mark Zinkula will serve on the Audit Committee, Compensation Committee, and Nominating and Governance Committee.

What impact does Zinkula's appointment have on Diamond Hill Investment Group?

Zinkula's extensive experience and client-first approach are expected to enhance the company's focus on delivering superior outcomes for clients and shareholders.

When was Mark Zinkula's appointment announced?

Mark Zinkula's appointment as a director of Diamond Hill Investment Group was announced on February 23, 2023.

What is Diamond Hill's current assets under management?

As of January 31, 2023, Diamond Hill Investment Group manages approximately $26.4 billion in assets.