He is of Parsi Zoroastrian descent; his ancestors formed the Bombay Dockyards for the British East India Company – known as the Wadia family.

Wade was appointed Deputy Chairman of the combined group, which was one of the largest Integrated Lloyd's Vehicles listed on the London Stock Exchange, but stepped down in January 2000 to form investment manager Rostrum Group Ltd. As CEO, Wade focused on the Lloyd's listed vehicles and also made investments on behalf of some of the UK's largest pension funds.

Also, the Parliamentary Liaison Committee and one of the key influencers in establishing the Lloyd's Taskforce chaired by Sir David Rowland.

[10] He was appointed a Senior Advisor to Mitsui Sumitomo Insurance in Tokyo[11] and chairman of Helios Underwriting Plc a listed Lloyd’s vehicle.

[19] Wade was appointed by Robert Jenrick in July 2020 as a senior advisor on the financing of building safety remediation for domestic tower blocks in the UK.

[20] Wade was previously appointed a Crown Representative by Minister for the Cabinet Office Francis Maude[21] in April 2013.