Frank P. Hurst joined U.S. small-cap and microcap equity boutique EAM Investors as president and managing director of marketing and client service, while Richard A. Gadbois III joined as managing director of marketing and client service.
Both positions are new, confirmed spokeswoman Sarah Lazarus.
Travis Prentice, CEO and chief investment officer, said in an EAM news release Thursday that the two “will be instrumental in supporting our clients’ investment and service needs as we continue to grow.”
EAM manages roughly $235 million for institutional clients.
Mr. Hurst was a principal and senior managing director with Relational Investors. According to a statement from Relational Investors, Mr. Hurst’s responsibilities have been assumed by senior executives at the firm.
While Mr. Gadbois’ work at EAM will claim the “majority of his time,” he will retain his title of director at ROTH Capital Partners, an investment bank that owns a more than 40% stake in EAM, Ms. Lazarus wrote in an e-mail. Mr. Gadbois also will retain his roles as director of special situations credit hedge fund Argyle Street Management and partner with Main Management.