NEW YORK (HedgeWorld.com)–Credit Suisse First Boston hired Tim Chapin as a director and senior coverage officer in foreign exchange hedge fund sales.

Mr. Chapin previously was a senior hedge fund sales executive at J.P. Morgan Chase. The firm declined to name his replacement.

The hiring at CSFB was part of a move to boost its FX business among hedge funds. “Tim’s hire represents our desire to be [among] the top providers of services to hedge funds …,” said Klaus Said, global head of treasury products at CSFB, in a statement. “He will join an already strong team in New York and globally with an eye on taking our business to an even higher level over the coming years.”

In February, J.P. Morgan launched a prime brokerage unit dedicated to serving foreign exchange traders and tapped Victoria Kuhn Whalen to lead the effort, called FXPrime, as vice president of client services (see).

PBarr@HedgeWorld.com