JP Morgan Sales Crew Defection To CSFB Leaves JP Morgan Chase "Understaffed"

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NEW YORK -- CSFB has snapped up a number of staff from the JP Morgan Chase & Co merger -- leaving the US bank's sales team short, according to some insiders.

CSFB says the hires, including Klaus Said, who will head global FX at CSFB, will consolidate Credit Suisse's position as a "world class" top-five player in foreign exchange.

"The world is moving towards a few very big players. This firm has in its make-up the potential to be one of those big players," Said told FX Week, which was first