AXA is a French multinational company with a presence on all continents. AXA group mainly operates in Europe, the Middle East, Asia Pacific Region and North America. Additionally, the company runs small operations in Africa and South America. AXA is run as a conglomerate of independent businesses. Each individual company is operated according to the laws of the host country. AXA is also used as a component of the EURO 50 index. AXA is one of the largest companies in the world managing assets worth $900 billion.
AXA was founded in 1816 as the Ancienne Mutuelle (Mutuelle de L’assurance contre L’incendie). After acquiring Compagnie Parisienne de Garantie it changed its brand name to Mutulles Unies in 1978. In 1996 it acquired France’s insurer Union des Assurances De Paris and then changed it’s name to AXA-UAP. In 1999 they dropped the UAP from the name and became AXA. AXA has a strong presence in Canada and Western Europe. In the UK AXA operates as AXA UK using numerous subsidiaries such as AXA Sun Life, AXA Wealth, AXA Investment Managers and AXA PPP Healthcare.
AXA provides numerous services in the insurance industry. AXA provides medical insurance, protection, savings products, investment advice and asset protection. AXA is also active in its social responsibilities. AXA has art and philanthropy initiatives under the AXA Heart in Action organization. In 2008, AXA created the AXA Research Fund which has an over $100 million endowment. The fund supports research for environmental and social issues.
Vincent Parascandola is a Senior Vice President at AXA Advisors, which is the distribution and retail channel for AXA Equitable Life Insurance Company. AXA Equitable is a subsidiary of AXA that specializes in finance protection and wealth management. Mr. Parascandola is responsible for management, sales, HR and productivity and he has over 25 years in the finance industry. Mr. Parascandola is best known as a manager of finance executives. His ability for managing and getting the most out of financial professionals is unrivalled.
Mr. Parascandola is a well-known leader and is the recipient of several management awards. He is also an eloquent speaker who speaks at various industry and company conferences. At AXA Advisors Mr. Parascandola manages a team of over 6,000 finance professionals.