Sir Michael Rake is currently the Deputy Chairman of Barclays. and, from 2002 to 2007, he was the Chairman of KPMG International. Last night, Sir Mike did quite the impressive thing — that is, he got all Dad on accountants and bankers by telling the former how proud he was of them while telling the latter what a disappointment they are.
Sir Mike Rake, former KPMG International chairman and UK senior partner, was awarded the ICAEW's Outstanding Achievement Award at its annual dinner last night in Moorgate, London. In his acceptance speech, Sir Mike said that accountants learned the values of "integrity and commitment to client". The City now needs to look at basic ethics. "At some point [the City] stopped being a profession, for a minority," said Sir Mike.