The former chairman and CEO of the Enterprise Funds has moved to investment manager William D. Witter. Victor Ugolyn takes the titles of president and chief executive officer at the New York City money manager.

Officials at Enterprise Funds could not be reached for immediate comment on how Ugolyn's duties are being filled. In recent years Ugolyn had scaled back on his day-to-day duties at Enterprise.

The jobs taken at William D. Witter by the 57-year-old Ugolyn had been held by Dean (Kip) Witter III, the stays on as firm's chairman and scion of its founding family. The firm was founded with the sole mandate of managing the Witter family money, but now courts both institutional and high networth investors.

"We feel fortunate to have the opportunity to welcome Victor Ugolyn to our company and are excited to integrate his investment management skills into our business," said Witter.

Ugolyn had a prior relationship with his new employer. William D. Witter, Inc. is the subadvisor to the Enterprise Small Company Growth Fund.

"I look forward to continuing the legacy which my friend, Bill Witter, established for his company," said Ugolyn. "Bill built his business the way his father, Dean Witter, preached that it should be done: one customer at a time. We are fortunate to have here at Witter a unique combination of a collegial management style and entrepreneurial investment professionals, focused on small-cap companies and attentive client service which I intend to continue to maintain and build upon." 

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