Dentsu Group has confirmed that it is removing Aegis from the name of its international network.
In a notice to the Tokyo Stock Exchange, chief executive Toshihiro Yamamoto said the company is rebranding Dentsu Aegis Network as Dentsu International, following the approval by the Dentsu Aegis Network board of directors.
While Dentsu International will be the official denomination used to separate Dentsu Japan and the rest of the business, Campaign understands that the International part of its name will not be used frequently, as all operations come to be known simply as Dentsu.
The company said the rebranding "will allow all Dentsu employees to deliver on the group's philosophy of true client-centricity through 'open teaming'—the concept of all employees realising innovation for clients from anywhere."
The move places more than 66,000 people globally within the Dentsu brand. Dentsu International operates in more than 145 markets worldwide, with more than 48,000 specialists under nine key brands: Carat, Dentsu X, iProspect, Isobar, Dentsumcgarrybowen, Merkle, MKTG, Vizeum and Posterscope.
Tim Andree becomes executive chairman of Dentsu International and Wendy Clark is Dentsu International's global chief executive.
"This represents an important milestone in the evolution of our international business as we build on Dentsu's rich legacy of innovation and industry leadership along with the dynamic growth story of Dentsu Aegis Network," Clark said. "Our business provides our clients and our people with the best of both worlds, helping them to achieve meaningful progress against a backdrop of unprecedented change and disruption."
The name change has been planned for some time. Campaign reported last summer that Dentsu would drop the Aegis name from its international operations after confirming this with multiple sources from inside the agency.
DAN's name change is subject to registration by U.K. Companies House and is expected to be in use from early October. Dentsu acquired Aegis in 2012 with key brands Carat, Isobar and Vizeum.