Sir Michael (Mike)

Rake, FCA, FCGI

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Overview

Sir Michael Rake currently serves as Chair of Phoenix Global Resources plc, Wireless Logic Ltd, NewDay Ltd, and Majid Al Futtaim Holdings (UAE). He is also Senior Adviser to Elliott Advisors, a Director at Trust Payments Ltd, Vice‑President of the RNIB, and a member of advisory boards including Chatham House and The Corporate Reputation Centre at Oxford University.

Sir Mike’s early career was forged at KPMG, where he became UK Senior Partner (1998), Chair of KPMG Europe, and ultimately Global Chair of KPMG International (2002-2007), steering the firm through significant reputational and regulatory challenges.

Following this, he chaired BT Group (2007-2017), easyJet (2010-2013), and Worldpay (2015-2018). He also served as Deputy Chair of Barclays (2012–2015) and President of the CBI (2013–2015), further cementing his influence across corporate and policy landscapes.

He brings deep cross-sector expertise in:

• Complex governance & reputation management – navigating Big Four audit crises, FTSE boards, activist engagement, and public trust

• Board architecture & crisis response – leading audit, remediation, and restructuring through KPMG, BT, Barclays, and Worldpay

• Institutional stewardship & advisory excellence – chairing high-stakes public, private, and health-sector boards, while advising global policy and investment forums

• Cross-sector strategic advisory – serving diverse markets through advisory roles in payments, private equity, healthcare, and telecoms

Sir Mike trained as a Chartered Accountant with Peat Marwick (KPMG), 1972 and was knighted in 2007 for services to accountancy. He was appointed to the Grand Cordon of the Order of the Rising Sun by the Japanese government in 2021 and named FTSE‑100 Non-Executive Director of the Year in 2013.

Known for his principled calm, stakeholder fluency, and precise governance, he is a peerless mentor to leaders navigating complexity, crisis, and cross-sector transition.

Major Career Roles

KPMG LLP

Chair

KPMG UK and International

Senior Partner

BT Group plc

Chair

Easyjet plc

Chair

Barclays Bank plc

Deputy Chair

Worldpay Inc. (now FIS)

Lead Director

Majid Al Futtaim Holdings LLC

Chair

Great Ormond Street Hospital for Children NHS Foundation Trust

Chair

Other Career Highlights

International Chamber of Commerce

Chair

CBI

President

S&P Global Inc.

Director

Business in the Community (BITC)

Chair

Blueprint for Better Business

Chair

UK Commission for Employment & Skills

Chair

Prince’s Charitable Foundation

Director

UK Office of Prime Minister David Cameron

Business Advisory Group member

Chair Mentors International
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