Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Ken Worthington - JP Morgan.
Ken Worthington - JP Morgan
First, with the change in management, like what do you see as the appropriate priorities for Janus over the next five years and then maybe with that in mind what skills or characteristics are you really seeking in the new CEO?
Steve Scheid
Let me take the first crack at that and then I’ll look for Tim’s perspective on it. I think this business is over the next five years is not unlike what it has been. First of all, you have to deliver great performance. You got have a robust product set, you need to have good distribution and you need to have a flexible business model and a flexible balance sheet. I think if you have those things in place, you are going to continue to succeed when in the marketplace.
I think we do well across virtually all of those categories. I would like to see a balance sheet a little different and I think our distribution is certainly strengthening and we will continue to invest in that but we certainly have the performance or business model is much more flexible and our product set is very, very robust. So, as it relates to the new leader I would say, we’re looking at somebody clearly with some investment acumen and experience in the industry, I would like to see somebody with global perspective.
I would like to see somebody with season public company experience and then I think last and certainly not least is a strong leader with vision and the ability to manage intellectual capital because at the end of the day that’s what this business is. So, I will turn it over to Tim who will be doing the day-to-day and get his perspective.
Tim Armour
I agree intensely with what Steve just said, it is not enough to have good performance. This is an industry and a category we have to get an A in sort of every aspect, whether it’s distribution or marketing the product line if you have along with performance and I think for us to execute well against all of that is really going to be a challenge.
We are in a constrained environment, but I do think Janus, before I got here and before Steve got here has had this ethos of investment excellence and it is powered by this truly world class investment research capability on the equity side, and I think that’s going to serve us well.
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