Diamond Hill expands institutional business development team

Craig Tann was named director of institutional business development at Diamond Hill Capital Management, spokeswoman Susan Stuart said.

It is a new position. Mr. Tann is responsible for “developing and maintaining key account relationships,” said a news release from Diamond Hill.

Mr. Tann will report to Lisa Wesolek, chief operating officer and managing director, head of distribution.

Previously, Mr. Tann was the national accounts vice president at BlackRock (BLK). A BlackRock spokesman could not be reached for information on a replacement.

As of July 31, Diamond had $14.1 billion in assets under management.