AXA is a Paris-based multinational insurance company, which specializes in investment management, international insurance, and other valuable financial services. With a brand value increasing by 14 percent in 2016, AXA is the world’s leading insurance brand for eight consecutive years. The firm has expanded its operation to Europe, the Asia-Pacific region, Africa, and North America. AXA is a group of licensed and independently run companies, operated in accordance with the rules and regulations of many distinct nations.
A paper published by Vitali et al. in 2011, classified AXA as the second most influential transnational corporation with respect to ownership. The company has corporate control over market competition and international financial stability. Barclays took the first position while State Street Corporation settled at position three.
AXA was originally created in 1816 as the Ancienne Mutuelle. It purchased Compagnie Parisienne de Garantie back in 1978 and adopted the name Mutuelles Unies. In 1982, it acquired Drouot Group and became Mutuelles Unies/Drouot. In 1985, the firm adopted the name AXA. It ventured into the financial services sector of America after acquiring The Equitable. In 1996, it purchased one of the largest insurers in France called Union des Assurances De Paris (UAP) and became AXA-UAP briefly before adopting its original name AXA in 1999. AXA has acquired several other firms, including Guardian Royal Exchange, Sun Life & Provincial Holdings, and the Swiss-based Winterthur Group.
Vincent “Vinny” Parascandola is a senior executive VP of AXA Advisors, LLC. He is in charge of sales, hiring, retention, management development, productivity and the capacity development of junior and senior financial experts. He has over 25 years of unparalleled experience in the financial services sector. He commenced his financial career in 1987 as an agent of Prudential. In the first year of Parascandola’s career, he was recognized as the National Rookie of the Year.
Parascandola secured a job at MONY Life Insurance Company back in 1990, where he served in numerous management positions prior to becoming a senior employee of AXA Advisors in 2004. He has earned several management accolades throughout his career, such as Master Agency Awards and prestigious GAMA’s Career Development. He is one of the globally recognized speakers, and he has spoken at several conferences organized by various companies and industries.