French multinational insurance firm AXA offers a wide range of services. They include investment management, global insurance and many other financial services. Founded in 1817, the company is headquartered in Paris. While most of its clients are in the Asia Pacific region, Western Europe, the Middle East, and North America, it also has a presence in Africa. For 8 consecutive years AXA has been ranked number one worldwide. In 2016 the value of the brand increased 14%. The company is a group of independently owned and operated businesses and is traded on the stock market index Euro Stoxx 50.
Because of its ownership terms and corporate control it has over global financial stability, AXA is considered second most powerful among transitional corporations. Only Barclays wields more power. Originally called Mutuelle de L’assurance contre L’incendie, the name was changed to AXA in 1985 after the acquisition of Mutuelle de L’assurance contre L’incendie and the Drouot Group. It also took over The Equitable, the American insurance company, France’s largest insurer, Union des Assurances De Paris, UK’s Guardian Royal Exchange and the Winterthur Group the leading insurance company in Switzerland.
The name AXA was chosen because it conveys vitality, is short and snappy, and pronounced the same way in every language.
Vincent Paracandola is AXA Advisors senior executive vice president. A graduate of Pace University, he has worked in the industry for over 25 years. At AXA Advisors Parascandola is in charge of recruiting, sales, management development, productivity, retention as well as developing both experienced and new financial professionals. In 1987 he began his career as an agent with Prudential and was voted National Rookie of the Year. Parascandola joined MONY Life Insurance Company three years later. While there he worked in several regional and local field management positions. He was hired by AXA Advisors in 2004.
At AXA Parascandola was president of The Advantage Group and co-manager of AXA’s 400 financial professionals at their New York Metro branch before becoming divisional president. His excellent leadership skills have earned him numerous management awards. They include GAMA’s Master Agency and Career Development awards.