Vincent Parascandola: The Brains Behind AXA Advisors

Many people have come to realize the importance of securing their future by planning for their retirement. AXA Advisors is an insurance company that enables you make solid future plans. With its main headquarters in Paris, AXA Advisors have many affiliate branches spread out in different parts of the world. AXA Advisors deal with a wide range of services from investment management, global insurance to public advisory. Vincent Parascandola is the company’s Chief Executive Officer, and also acts as the Vice president. It is under his leadership that AXA Advisors has experienced growth in leaps and bounds. Let us look at the historical background, locations, and philanthropic activities involving this renowned insurance firm.

Historical Background

AXA Advisors started out as Ancienne Mutuelle in 1816. Several years later, in 1985, it took the title of AXA. In 1991, the firm purchased another business, the Equitable, before buying UAP, France’s largest insurance firm. AXA was henceforth called AXA-UAP. However, it reverted to its former title, AXA, in 1999 and purchased the Guardian Royal Exchange. Its buying sprees continued with the annexation of Sun Life Holdings.

Locations

AXA is an international insurance firm with branches in the UK, Canada, the Middle East, and Asia. It also has operations in many countries across Africa including Algeria, Nigeria, and Egypt. AXA also operates in America where it goes by the brand name AXA Financial Inc.

Philanthropy

Philanthropy can be regarded as one of the strong suits that AXA has developed over the years. The presence of Parascandola in the management team of AXA has only improved the firm’s philanthropic efforts. AXA is mostly renowned for the establishment of the AXA Research fund, an initiative that was raised with a base of €100 million and that supports studies that are focused on understanding and preventing risks posed to the society, environment, and human life. The AXA research fund has facilitated 256 projects in a period of three years.

About Vincent Parascandola

As the Vice President and Chief Executive Officer of AXA Advisors, Vincent Parascandola is responsible for the recruitment and training of new professionals. Parascandola is also charged with the productivity and maintenance of the company. He also oversees the firm’s sales operations.

Vincent has over 25 years in the insurance and banking industry. He started out from the humble position of an agent for “Prudential Company”, a position that led to him being named “National Rookie”.

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