"Most important markets for us in the medium-to-long term are China and India and in the immediate term, Hong Kong and Singapore are the main areas of focus."
Thorkelsson said Nomura is also looking to start its warrants business in Hong Kong and South Korea, and expects regulatory approval to begin onshore trading business in Malaysia.
He said he was optimistic about growth because Nomura was well-capitalized and growing its business, unlike some its competitors which have scaled back, while Asia's importance has increased among international investors.
But he warned that market conditions would remain rocky if global economic forecasts for major economies such as China and India do not meet investors' expectations.
"I get the impression this is all fragile. If we get any kind of deviation in any of these things then we could well find ourselves heading south again."
(Editing by Anshuman Daga)
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