[1][failed verification] He was appointed to the board of Huawei Technologies UK on 14 April 2020, having worked as an advisor for the company since 1 January 2019.

[citation needed] 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.

[8] Rake is a vice president of the RNIB, a member of the board of the TransAtlantic Business Dialogue, the Chartered Management Institute, 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, The School of Oriental and African Studies advisory board, the advisory board of the Judge Institute at the University of Cambridge, Senior Adviser for Chatham House and the Global Advisory Board of the Oxford University Centre for Corporate Reputation.

Rake is also a governor of Wellington College and a board member of Guards Polo Club.

[16] Rake donated £5,000 to Ed Davey's 2020 Liberal Democrats leadership election campaign.