Junichi Ujiie made the comments as part of an interview with the Daily Telegraph.
He said that Londonâs reputation as a hub for finance is still in place due to the government recently adopting a âmore realistic and pragmatic approachâ towards regulation.
Previously, the CEO warned that the governmentâs over-zealous attitude towards implementing taxes on banker bonuses could lead to firms moving their headquarters out of the UK.
Mr Ujiie told the news provider: âWe had this argument several years ago when the euro became a strong currency. People asked should we move people from London to Frankfurt? Some banks really moved."
"[But they later concluded] Frankfurt is not really the place to live, let's go back to London."
He added: âIt is not hard to create the hard infrastructure - like communications - but you need a large amount of energy to build the soft infrastructure for a global financial centre like good accountants, good corporate lawyers, English-speaking hospitals and schools and even theatres.â
Meanwhile, Nomura recently won a legal battle against WestLB at the Londonâs High Court.
The latter sought $22.3 million from the Japanese bank after it claimed the firm had acted âirrationallyâ when valuing securities of an investment fund.
By Jim Ottewill