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, bro ...

, 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 publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financi ...

. 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 smart ...

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 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. 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 ne ...

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 rule ...

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 countr ...

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 are ...

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 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 ...

. 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. 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 Hospi ...

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 f ...

(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