AXA is a French Multinational insurance firm and currently one of the largest insurance companies in the world. The initial founders chose the name as they felt that anybody in the world would comfortably pronounce it. AXA Advisors traces its origin way back in 1816 when it was founded and was known as The Ancienne Mutuelle. It went on changing its name after buying firms over the years. It bought Drouot Group in 1982, The Equitable in 1991, UAP in 1996, Guardian Royal Exchange in 1999, Sun Life & Provincial Holdings in 2000, and Winterthur Group in 2006.
AXA is mainly concerned with the provision of services to individuals which include: investment accounts, equity investments, asset managed accounts, life insurance, annuities, health insurance and other risk management services. AXA has diversified its operations for better delivery of services. They include AXA UK, AXA Sunlife, AXA PPP healthcare, AXA Canada, and AXA Schengen. It also has operations in United States, Mexico, Asia, and Africa. AXA headquarters are located in Paris.
AXA is also known for its philanthropy. In 2008, AXA Research Fund was created. It mainly targets young researchers and those doing PhDs by funding their projects around the world. It also mentors young by training, and also by giving them a chance to share with the experienced researchers all over the world. To date, it has funded over 256 projects which have come from 22 countries.
AXA has experienced brains, and an example is Vincent Parascandola. Vincent is Senior Executive Vice President, and his major work is sales and management development. He is also responsible for recruiting professionals. Vincent pursued his Bachelor of Science in Pace University, New York. His career started in 1987 when he worked as an agent at Prudential. Vincent later held several posts such as Financial Professional in The MONY where he later became the sales manager and then the Managing Director. He worked as the Field Vice President from 1998 to 2005 and then became The Executive Vice President at AXA.
Vincent is recognized internationally for his leadership traits and has received several management awards. He is also a public speaker where he mentors the young as he shares his 25-years’ experience.