In his new role, Milbauer will be responsible for leading continued business growth by adding key client relationships.
He will be based in St Paul and report to Todd May, head of Wells Fargo Shareowner Services.
Prior to his new role, Milbauer was head of sales and business development for the structured products group of Wells Fargo’s Corporate Trust Services.
He also served as vice president and division manager for Wells Fargo’s Asset Backed Securities division and assistant vice president of the company’s corporate banking division.
May said with over 20 years of industry experience, Bill’s leadership and expertise will strengthen its business.