Mike Rake gets 30% pay rise

Mike Rake gets 30% pay rise

'We are gaining market share,' Rake says as firm publishes annual report

Mike Rake, the global chairman of KPMG and the firm’s UK senior partner, took
home £3m last year in remuneration from the UK and global firms.

Rake’s UK salary, detailed in the firm’s annual report, constituted a 30 per
cent increase, rising from £1.8m to £2.4m.

The huge rise capped a bumper year for the firm, which has seen revenues rise
by 20% and profits by 21%.

Rake told Accountancy Age that KPMG was ‘gaining market share’ and
that a strategy of leveraging the firm’s traditionally large audit base into
other areas was paying off.

KPMG even bucked the trend on tax, with growth figures of 15% for the tax
function. Others have seen tax revenues stall in the wake of the anti-avoidance
crackdown.

Related Articles

CogitalGroup announces acquisition of Wilkins Kennedy

Accounting Firms CogitalGroup announces acquisition of Wilkins Kennedy

1w Emma Smith, Managing Editor
Blick Rothenberg acquires Westleton Drake

Accounting Firms Blick Rothenberg acquires Westleton Drake

2w Emma Smith, Managing Editor
IR35 in 2018: what do accountants need to know?

Accounting Firms IR35 in 2018: what do accountants need to know?

2w SJD Accountancy | Sponsored
Top 50+50 UK Accountancy Firms 2018 – entries now open!

Accounting Firms Top 50+50 UK Accountancy Firms 2018 – entries now open!

3w Emma Smith, Managing Editor
It’s not just the potential of women at stake, it’s the potential of accountancy

Accounting Firms It’s not just the potential of women at stake, it’s the potential of accountancy

1m Jean Stephens, RSM International
PwC to net £50m from Carillion insolvency

Accounting Firms PwC to net £50m from Carillion insolvency

1m Alia Shoaib, Reporter
Mercer & Hole makes two new appointments

Accounting Firms Mercer & Hole makes two new appointments

2m Emma Smith, Managing Editor
Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

2m Karen Baxter, Lewis Silkin