Harry Millerchip

Senior Counsel

Harry is a senior counsel in the Financial Services & Markets Department, and a key lawyer in our cross-disciplinary and award-winning Fintech, Market Infrastructure & Payments Group.

He advises on a wide range of financial services and markets issues, including wholesale and retail payments, securities trading, clearing and settlement, banking and insolvency, tokenisation, digital assets and AI.

Harry regularly supports financial market infrastructures, exchanges and trading venues, payment service providers, digital assets businesses, and other financial institutions and technology companies on a wide range of matters. His work includes both the design and implementation new products, platforms and systems (including those that use DLT and digital assets) and complex legal and regulatory change projects.

He is recognised as a "key lawyer" at Travers Smith in the Legal500's "Financial services: non-contentious/regulatory" and "Fintech: regulatory" categories. He also has considerable in-house experience having spent time at Barclays UK (Payments Legal), TP ICAP (Global Payments Legal) and UBS (Global Litigation).

Natalie Lewis and Harry Millerchip in the Financial Services and Markets practice deserve special mention for their thoughtful and comprehensive approach, clear and practical advice focusing on issues that matter from a business and commercial perspective, and structuring the engagement and deliverables in a cost-effective manner. Above all, they are a pleasure to work with.

Selected highlights

Advising various systemically important FMIs on transformation and innovation in the financial markets, on vires and public law issues, and on other strategic matters.

Advising Fnality International on specialist regulatory aspects of the development of its innovative, blockchain-based payment system.

Advising various payment service providers on various legal and regulatory matters, including perimeter issues, authorisations, safeguarding and in connection with strategic product launches.

Advising numerous financial institutions and other clients on strategic domestic and cross-border financial and payments sector transactions - both private and public.

Advising Pay.UK on the design and implementation of the (now abandoned) New Payments Architecture, and on a variety of other strategic matters.

Advising RTGS.global on the implementation of a ground-breaking, next-generation interbank payment system to allow instant cross-border payments.

Advising various digital assets businesses (including exchanges, custodians and other service providers) on the developing legal and regulatory framework for digital assets, perimeter issues, customer terms and conditions, and on the design and launch of strategic products.

Advising various alternative asset managers on the legal and regulatory issues associated with AI - especially in relation to governance and risk management.