Sir Michael Derek Vaughan Rake (born 17 January 1948) is a British businessman, former chairman of
BT Group
BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broa ...
, former chairman of
Worldpay and a director of
S&P Global
S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 The McGraw–Hill Companies, Inc.) is an American Public company, publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of busi ...
. He served as president of the
CBI from 2013 until 2015. He was appointed to the board of
Huawei
Huawei Technologies Co., Ltd. ( ; ) is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops, produces and sells telecommunications equipment, consumer electronics and various smar ...
Technologies UK on 14 April 2020, having worked as an advisor for the company since 1 January 2019.
Early life
Rake was born in
Rugby
Rugby may refer to:
Sport
* Rugby football in many forms:
** Rugby league: 13 players per side
*** Masters Rugby League
*** Mod league
*** Rugby league nines
*** Rugby league sevens
*** Touch (sport)
*** Wheelchair rugby league
** Rugby union: 1 ...
on 17 January 1948, the son of Group Captain Derek Shannon Vaughan Rake OBE AFC and Bar and Rosamond née Barrett. He went to prep school in
Devon
Devon ( , historically known as Devonshire , ) is a ceremonial and non-metropolitan county in South West England. The most populous settlement in Devon is the city of Plymouth, followed by Devon's county town, the city of Exeter. Devon is ...
, followed by
Wellington College Wellington College may refer to:
*Wellington College, Berkshire, an independent school in Crowthorne, Berkshire, England
** Wellington College International Shanghai
** Wellington College International Tianjin
*Wellington College, Wellington, New Z ...
. He qualified as a
chartered accountant.
Career
He joined KPMG in 1974, and worked in continental Europe before transferring to the Middle East to run the practice for three years in 1986. He transferred to London in 1989, became a member of the UK board in 1991, had a number of leadership roles in the UK before being elected UK Senior Partner in 1998. He was Chairman of KPMG in Europe and Senior Partner of KPMG in the United Kingdom, prior to his appointment as chairman of
KPMG International
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations.
Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a netw ...
in May 2002, in which capacity he served till September 2007.
Board positions
Rake was chairman of Business in the Community from 2004 to 2007 and a member of the board of the
Prince of Wales
Prince of Wales ( cy, Tywysog Cymru, ; la, Princeps Cambriae/Walliae) is a title traditionally given to the heir apparent to the English and later British throne. Prior to the conquest by Edward I in the 13th century, it was used by the rulers ...
International Business Leaders Forum between 1998 and 2007. He was chairman of
easyJet
EasyJet plc (styled as easyJet) is a British multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on 927 routes in more than 34 countries via its affiliate airli ...
from 2010 to April 2013.
Rake is a vice president of the
RNIB
The Royal National Institute of Blind People (RNIB) is a UK charity offering information, support and advice to almost two million people in the UK with sight loss.
History
The RNIB was founded by Thomas Rhodes Armitage, a doctor who had eye ...
, a member of the board of the TransAtlantic Business Dialogue, the
Chartered Management Institute
The Chartered Management Institute (CMI) is a professional institution for management based in the United Kingdom.
The major membership classes are ''Member'', ''Fellow'' - for those with significant expertise - and ''Companion'' - the most sen ...
, the
DTI's US/UK Regulatory Taskforce, the Advisory Council for Business for New Europe, the Ethnic Minority Employment Taskforce, an Association Member of
BUPA
Bupa , legally British United Provident Association Limited, is an international health insurance and healthcare group with over 38 million customers worldwide.
Bupa's origins and global headquarters are in the United Kingdom. Its main countrie ...
,
The School of Oriental and African Studies
SOAS University of London (; the School of Oriental and African Studies) is a public research university in London, England, and a member institution of the federal University of London. Founded in 1916, SOAS is located in the Bloomsbury ar ...
advisory board, the advisory board of the Judge Institute at the
University of Cambridge
, mottoeng = Literal: From here, light and sacred draughts.
Non literal: From this place, we gain enlightenment and precious knowledge.
, established =
, other_name = The Chancellor, Masters and Schola ...
, Senior Adviser for
Chatham House
Chatham House, also known as the Royal Institute of International Affairs, is an independent policy institute headquartered in London. Its stated mission is to provide commentary on world events and offer solutions to global challenges. It is ...
and the Global Advisory Board of the
Oxford University
Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...
Centre for Corporate Reputation. Rake is also a governor of
Wellington College Wellington College may refer to:
*Wellington College, Berkshire, an independent school in Crowthorne, Berkshire, England
** Wellington College International Shanghai
** Wellington College International Tianjin
*Wellington College, Wellington, New Z ...
and a board member of
Guards Polo Club
The Guards Polo Club is an English polo club in Windsor, Berkshire. It was most closely associated with the British Royal Family. Prince Philip, Duke of Edinburgh was President of the club from its formation on 25 January 1955 until his death i ...
.
Rake was on the board of
Barclays
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.
Barclays traces ...
from 2008 to December 2015; he was promoted to deputy chairman in 2012, but turned down the offer to become chairman.
As of 2013, Rake was a trustee of
The Prince of Wales's Charitable Foundation
The Prince of Wales's Charitable Fund (PWCF) awards approximately £3 million to a range of charitable causes annually. It was founded by King Charles III (then Prince of Wales) in 1979, and is registered as The Prince of Wales's Charitable Found ...
. He was president of the CBI from June 2013 to July 2015.
Rake was appointed Chairman of
Great Ormond Street Hospital
Great Ormond Street Hospital (informally GOSH or Great Ormond Street, formerly the Hospital for Sick Children) is a children's hospital located in the Bloomsbury area of the London Borough of Camden, and a part of Great Ormond Street Hospital ...
in 2017.
Personal life
He is married with four children and five stepchildren, and was knighted in 2007. Rake donated £5,000 to
Ed Davey's 2020 Liberal Democrats leadership election campaign.
Honors
*
Grand Cordon of the Order of the Rising Sun
The is a Japanese order, established in 1875 by Emperor Meiji. The Order was the first national decoration awarded by the Japanese government, created on 10 April 1875 by decree of the Council of State. The badge features rays of sunlight fr ...
(2020)
References
{{DEFAULTSORT:Rake, Michael
1948 births
Living people
People educated at Wellington College, Berkshire
Academics of the University of Cambridge
British Telecom people
British accountants
Knights Bachelor
Barclays people
British chairpersons of corporations
Businesspeople awarded knighthoods
American corporate directors
KPMG people
Grand Cordons of the Order of the Rising Sun