A.B. "Buzzy" Krongard's resignation from Bankers Trust's board will not blunt banks' enthusiasm for acquiring securities firms, analysts said Wednesday.

Mr. Krongard, 61, chairman and chief executive officer of Alex. Brown Inc. before it was acquired by Bankers Trust New York Corp. last year, announced plans Tuesday to become a counselor to the director of the Central Intelligence Agency. A vice chairman of Bankers Trust's board, he is the first high-profile departure from a securities firm acquired by a bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.