Bridgeport officials have tried to convince corporations with headquarters "down county," in Stamford and Norwalk, to locate their back-office technical operations, such as data processing and e-commerce systems, in Bridgeport.
Indian firms have moved beyond selling time to selling products born from the expertise built over the last decade of back-office technical work.
There are also the cost savings to government (and therefore taxpayers) from the elimination of thousands of polling stations, not to mention back office and technical support.
After all, it said, Mr von Mueffling's team had relied on the firm's technical systems, back office, brand and marketing, not to mention a battalion of research analysts, who were keen to present their ideas to the hedge-fund maestro.
But now it plans to move hundreds of technical and other back office jobs from downtown to three buildings in Morris County, in New Jersey.
Despite the impact of robotics on manufacturing, the creation of goods is still the fundamental act of wealth creation and it requires a good deal of back-office and technical support.
"The E.I.B.'s role is limited to providing technical assistance to the setting up of this company such as legal services and, potentially at a later date, back office administrative services," the bank's press officer, Nick Antonovics, said.
The Global Business Services segment offers a range of BPO services to customers that include technical support, renewals management, lead management, direct sales, customer service, back office processing and information technology outsourcing, or ITO.
Technical director Peter Howarth says: "We've driven down our operational costs with intelligent automated warehouse solutions, which tie in seamlessly to our back office management systems".
The back office is left trailing.
