Band 2
Provided by Jonathan Gilmour
Jonathan is a partner and Head of the Derivatives & Structured Products Group at Travers Smith. He is also a member of the firm's ESG and Impact Group.
Specialising in derivatives and structured products from both a transactional and advisory standpoint, he is widely regarded by peers and clients as one of the leading specialists in his field, and as a champion of 'buy-side' interests in the UK derivatives market. He counts among his clients some of the UK's largest and most sophisticated financial institutions, investment managers, alternative asset managers, challenger banks, fintechs and occupational pension schemes.
Jonathan regularly negotiates and advises on ISDA, GMRA and GMSLA documentation as well as the impact of related regulation including EMIR and SFTR. He also advises on the structure and documentation of bespoke transactions, including in the form of sustainability-linked derivatives, to hedge exposure to key market risks, including interest rate, inflation, FX, carbon exposures and longevity; and advises on investment management, custody, clearing and collateral management arrangements, as well as pension scheme funding and risk transfer arrangements.
Jonathan is a member of International Swaps and Derivatives Association (ISDA), the International Capital Market Association (ICMA), International Securities Lending Association (ISLA), and Futures Industry Association (FIA) Working Groups and sits on the Financial Markets Law Committee's (FMLC) Infrastructure, Fintech, Asset Management, and Insurance & Pensions Scoping Forums.
He is a member of the Alternative Investment Management Association (AIMA) and Invest Europe Derivatives Working Groups, chairs the Association of Pension Lawyers’ Investment and DC Sub-Committee, sits on the Society of Pension Professionals' Investment Committee, and serves as Treasurer of the Pensions Management Institute's London Group.
He is also a member of the Governance Committee of the UK Voluntary Carbon Market (VCM) Forum, The UK Sustainable Investment & Finance Association's (UKSIF) Green Taxonomy Advisory Working Group and is on their Industry Development Committee. He is on the UK Board of the Global Alliance of Impact Lawyers. He counts amongst his pro bono clients the Impact Investing Institute, Green Finance Institute and UN-PRI.
ICLG Derivatives 2025
GLI Fund Finance 2025 - Derivatives at fund level
GLI Blockchain & Cryptocurrency Regulation 2025
Financier Worldwide Current trends in the derivatives market
Ancala Partners LLP
Ares Management Limited
Atlas SP Partners LP
BAE Systems Pension Fund Trustees Limited
BC Partners LLP
Bentley Motors Limited
Cinven
Copper Markets
GTC Infrastructure Limited / BUUK Infrastructure Group
Permira Investment Advisers Limited.
Riyad Bank
England and Wales
English
French
Provided by Chambers
Provided by Chambers
Jonathan is supremely knowledgeable, calm and responsive.
He's considered to be a industry leader in this space.
Jonathan is supremely knowledgeable, calm and responsive.
He's considered to be a industry leader in this space.