AXA Advisors is a French international insurance firm that engages in financial services, global insurance, and investment management. The company is headquartered in the 8th arrondissement of Paris. It was founded in 1816 as the Ancienne Mutuelle. In 1978, the company acquired Compagnie Parisienne and later developed to Mutuelles Unies. In 1982, the firm went ahead and bought the Drouot Group, and it became Mutuelles Unies/Drouot. It acquired the name AXA in 1985. In 1991, AXA Advisors was able to take over the American Insurance Company, The Equitable.
Concerning the brand value, AXA has managed to be the first insurance brand globally for eight consecutive years. The last time its value grew by 14% in 2016. This is the period when AXA was recognized as one of the top three worldwide financial services brand providers. The AXA group primarily operates in North America, Western Europe, Middle East, and Pacific Asia, with its presence felt in Africa.
When it comes to philanthropic involvement, AXA Group is mainly involved in social and artistic charitable initiatives. This is the heart of action that has enabled the company to give back to the society. In 2008, AXA Group established AXA Research Fund, which was endowed with €100 million. The organization was formed to provide support to research that primarily focuses on understanding and prevention of risks that threaten human life, environment, and the society as a whole. Three years after its establishment, more than 256 basic-research projects have been funded. AXA Group also helps young students, to become world class researchers through proper networking.
Currently, the Senior Executive Vice President of AXA Group in New York is Mr. Vincent Parascandola. He is responsible for management development, sales, retention, recruiting, development of new financial professionals, and productivity. Mr. Vincent has more than 26 years of experience in the industry of financial services. Vincent started his career in 1987 as an agent for Prudential Company. He also worked for MONY Life Insurance Company, where he held various management positions at both local and regional level. Before becoming the Vice President of AXA Group, he was also the President of the Advantage Group, one of the units of AXA Equitable.
As a recognized leader, Mr. Vincent has received several management awards throughout his career life. Two of the awards include Master Agency and Career Development Awards. He is also a recognized speaker and has delivered many special speeches in several industry and company conference meetings. Looking at his educational background, Mr. Vincent Parascandola graduated with a degree in Bachelor of Science from Pace University.