AXA Advisors | World’s Most Powerful Transitional Corporation

Founded 200 years ago, in 1817, by Claude Bebear, AXA Advisors is one of the largest insurance companies globally. It’s headquartered at 25 Avenue Matignon, 75008, Paris France. The insurance is head by Thomas Buberl who is the chairman and the CEO.

AXA Name Origin

In 1985, Bebear wanted a name that would convey the company’s vitality while at the same time help in achieving its desire to be multinational. The name also had to be short and easily pronounced by people of different languages. He hired an outside consultant to research on the best name. The name “Elan” came up but was dropped since it means moose or elk in French. The AXA name, however, suited the requirements and was hence adopted.

Achievements of the Company

In 2011, the company was named as the second most powerful transition corporation regarding ownership. This means it had more control over global financial stability and market competition. It ran behind Barclays.

By the end of 206, it marked a 14% brand value growth for the eighth consecutive year. This made it the first insurance company worldwide to hit such an achievement.

AXA Advisors runs as an independent empire operation in different countries in respect to the rules and regulation of these countries. It mainly operates in Western Europe, Asia Pacific, North America, Middle East and some parts of Africa.

Philanthropic Involvement

AXA is commonly known for its artistic and social initiative, AXA Heart in Action. However, it has several other charitable activities that it endows. In 2008, the company gave 11 million euros in support of AXA Research Fund. The research involves in understanding and preventing risks endangering human life and society and environment.

Within 3 years of its existence, the research fund had supported 256 basic research projects with 230 of these being from young researchers. AXA also assembles young researchers annually to meet with world class professionals to exchange best practice and network.

Vincent Parascandola

Vincent is the Executive and Vice President of AXA Advisors. He joined the company in 2004 as a co-manager in the company’s New York branch. He was later made the president of Advantage Group, a unit of the business that deals with attracting seasoned financial advisors.

Vincent holds a degree in Science from Pace University New York. He has over 25 years’ experience in the financial field. Prior joining AXA, he worked for Prudential and MONY Life Insurance Company.