The news comes as Henderson confirmed plans to relocate its business offshore with a new holding company to be incorporated in Jersey and tax residence in the Republic of Ireland.
Yates says: “As our business becomes increasingly global, we have concluded that the Group and its shareholders would be better served by having an international holding company with a group structure that is designed to help protect the Group’s taxation position and better facilitate its financial management.”
The group posted an operating profit before tax and non-recurring items of £50.8m, a fall of 16 per cent from the £60.5m return for the first half of 2007.
After non-recurring item the group’s profits were slashed by 54 per cent, from £101m to £47m.
Henderson Global Investors saw profit before tax fall by 1.3 per cent from £61.4m for the first half of 2007 to £60.6m for this year.
The company also saw a 14 per cent loss in assets under management in the past 12 months from £61.6bn at June 30, 2007 to £52.6bn on June 30 this year.
Yates says: “Assuming markets do not fall materially from here, Henderson is still aiming to meet or beat its pre-tax operating profit from last year of £109.6m and achieve an expense ratio of below 65 per cent in 2008.”