Clemenger BBDO has benefitted from the capitulation of M&C Saatchi in this market, winning Rabobank and taking over as the interim agency for NZ Police. Updated with comments from NZ Police.
M&C Saatchi has confirmed that it is in the process of transferring ownership of the New Zealand arm of the company to local management. The official handover period has been scheduled for July, when details of the new ownership deal will become officially binding on both parties.
M&C Saatchi’s chief executive Darryn Melrose has resigned from the agency to pursue opportunities outside of the advertising industry and he will be replaced by his old AIM Proximity buddies Tony Burt and Dave King, who will be joint chief executive officers.