ANZ fires M&C Saatchi

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CB hears ANZ has fired M&C Saatchi, with one source saying the dramatic move by ANZ – which retains M&C Saatchi in Australia – may have been prompted by the news that Darryn Melrose was to leave the CEO role at AIM Proximity for the CEO job at M&C Saatchi. The business could go to pitch, but then again it could go straight to DDB, which last month lost out to DraftFCB pitching for the National Bank.

ANZ/National marketing director Mike Cunnington was a colleague of Melrose’s at AIM, when Cunnington was appointed joint managing director with Melrose after the departure of former CEO Sharon Henderson in February, 2006. However, Melrose was eventually appointed CEO, leaving Cunnington in the sole MD role, and in August 2006, Cunnington departed for the client side, to Hanover Finance, and since then moved to his current role at ANZ/National.