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Harry Millerchip

Harry Millerchip


Harry is an associate in our non-contentious Financial Services Regulatory practice.



Harry specialises in financial services and markets law and regulation. He advises banks (traditional and challenger), investment firms, scale-up fintechs and payments firms, asset managers, insurers, market infrastructure providers and other financial institutions on a range of legal and financial regulatory matters affecting their businesses. His advisory practice covers all major UK financial regulatory regimes, including payments regulation.

Harry regularly advises clients on the impact of regulatory change, new business and product structuring, engagement with regulators, regulatory capital and prudential matters, and on the financial regulatory aspects of commercial arrangements and outsourcings, client documentation and other financial sector contracts. He also advises on the financial regulatory aspects of strategically important financial sector M&A and other transactions

He has considerable in-house experience having spent time at TP ICAP (EMEA Legal), Barclays (Global Payments Legal) and UBS (Global Litigation, EMEA Region).

Harry's experience includes advising: 

  • various clients on the impact of Brexit and the related reorganisations of their business, including a global inter-dealer broker and a major UK trading venue
  • various clients on the impact of other regulatory change and related implementation projects, including in relation to MiFID II, structural reform/ring-fencing and SMCR
  • various clients on the development and structuring of new businesses and products, including Clear.Bank on its establishment as the UK's first new clearing bank in over 250 years and a major UK broker on structuring its cross-border trade flows
  • various financial institutions on client money and custody issues
  • various financial institutions on perimeter, marketing, conduct of business and business-as-usual compliance matters
  • various financial institutions, including banks (traditional and challenger), payments firms and e-money firms, on payments and e-money regulation
  • various clients on the financial regulatory aspects of high-value, cross-border and complex transactions, including Tryg A/S, the Scandinavian insurer, on its £7.2 billion recommended cash offer, together with Canadian co-bidder Intact Financial Corporation, for RSA Insurance Group



First class degree in Law from St John's College, University of Cambridge. 

Formerly seconded to the Global Litigation (EMEA Region) function at UBS.