S

Ranks amongst the top 10 leaders in the financial services sector

Diversified service offering Investment Management & Printing and Fulfillment
Extensive networks within the financial sector financial intermediaries and advisors
The executive body composes of young blood
Rich legacy the Group has a long-standing history in the financial sector
Collectively manages over $150 billion in assets strong brand equity
The companies have different managerial bodies which translates into better managerial policies
INTECH (a holding of Janus) has a strategic USP in the form of its financial algorithms
PWMC also has a strong history in the financial sector
The company has astute financial managers as indicated by the compensations being paid to them


W
Declining profits (80%)
Declining revenue (11%)
Declining investment management fee (11%)
Declining services fee (13%)
Declining average assets (7%)
The firm lacks a clear strategic plan for the future
The civil penalties accounting to $50+100+1 million will further dent cash flows and shareholder
returns
Janus trails its competitors and industry in profit performance
Continued decline in revenues and operating incomes since its merger indicates potential managerial
incompetence


O
Future plans indicate a direction towards a departure from the Holding Company which will eliminate
redundant expenses
The de-merger will increase the firms growth potential and further diversify its portfolio
If the firm manages to withstand the storm, it will showcase itself as a strong player in the sector
The changes which have been suggested/proposed by the executive committee will put forward a
strong image of the company
The proposed debt-reduction strategy will reduce the firms interest expense burden
Shareholder equity has increased from $1.51 to $2.73 billion from 20002 to 2004


T
The on-going allegations will dent brand equity
The on-going allegations will sway investors in the short-term future
The reductions in cash-flows will continue to dent shareholder returns in the short-term future
Shareholders may object to the extensive amounts being paid to executives in light of the current
scandal
Declining dividends will further scare away investors in the short-term future
Shareholders will question the disappearance of $1.1 billion in cash flows in a single year
Authorities such as the SECP will also question this disappearance and perhaps further increase their
scrutiny



















Strengths

1. Ranks amongst the top 10
leaders in the financial services
sector
2. Diversified service offering
Investment Management &
Printing and Fulfillment
3. Extensive networks within the
financial sector financial
intermediaries and advisors
4. The executive body composes of
young blood
5. Rich legacy the Group has a
long-standing history in the
financial sector
6. Collectively manages over $150
billion in assets strong brand
equity
7. The companies have different
managerial bodies which
translates into better managerial
policies
8. INTECH (a holding of Janus) has a
strategic USP in the form of its
financial algorithms
9. PWMC also has a strong history
in the financial sector
10. The company has astute financial
managers as indicated by the
compensations being paid to
them
Weaknesses

1. Weak financial position
2. The firm lacks a clear strategic
plan for the future
3. The civil penalties accounting to
$50+100+1 million will further
dent cash flows and
shareholder returns
4. Janus trails its competitors and
industry in profit performance
5. Continued decline in revenues
and operating incomes since its
merger indicates potential
managerial incompetence

Opportunities

1. Future plans indicate a direction
towards a departure from the
Holding Company which will
eliminate redundant expenses
2. The de-merger will increase the
firms growth potential and
further diversify its portfolio
3. If the firm manages to withstand
the storm, it will showcase itself
as a strong player in the sector
4. The changes which have been
suggested/proposed by the
executive committee will put
forward a strong image of the
company
5. The proposed debt-reduction
strategy will reduce the firms
interest expense burden
6. Shareholder equity has increased
from $1.51 to $2.73 billion from
20002 to 2004
SO Strategies
1. Astute financial managers
capabilities can be used to
manage the current issues and to
emerge as a global player.
2. $150 billion asset base can be
used to further diversify the
portfolio
3.
WO Strategies
1. Increase in revenues can be
brought about to benefit from
reduction in expenses
2. Beating competitors instead of
following them can abet in
increasing shareholder value and
diversifying portfolio.

Threats

1. The on-going allegations will dent
brand equity
2. The on-going allegations will
sway investors in the short-term
future
3. The reductions in cash-flows will
ST Strategies

1. Use the brand equity to meet the
allegations head on.
2. Utilize INTECH and PWMC to
safeguard cashflows.

WT Strategies

1. Overcome weak financial
position to prevent dividends
from decreasing further



continue to dent shareholder
returns in the short-term future
4. Shareholders may object to the
extensive amounts being paid to
executives in light of the current
scandal
5. Declining dividends will further
scare away investors in the short-
term future
6. Shareholders will question the
disappearance of $1.1 billion in
cash flows in a single year
7. Authorities such as the SECP will
also question this disappearance
and perhaps further increase
their scrutiny