Archive for Financial Sector

Vincent Parascandola Accomplished Executive and Mentor

Headquartered in France, AXA Advisors is a global investment management and insurance company. The company operates in Africa, Europe, Middle East, North America and Asia. Founded in 1816, AXA Advisors ranks among the leading corporations that operate globally.

The firm offers solutions that enable family and businesses improve their financial situation and secure their future. Other than its business activities, AXA also supports social initiatives through the AXA Research Fund. They enable research on the environment and human life.

Vincent Parascandola serves as AXA USA’s Senior Executive Vice President. As VP, his roles include management, overseeing productivity, recruitment, and retention. Over the last twenty years, Vincent worked in the financial sector. He joined AXA in 2005 as the Executive Vice President of AXA Equitable. In 2008, Vincent served as the President of the Advantage Group of AXA Equitable. One year later, he became president of the Northern Division of the company till 2012. Vincent’s role at the time was to manage all the offices located in the Northeastern area of the USA including Hawaii and California. As part of his responsibilities, Parascandola led the human resource processes, talent development, training, and overall operations.

In 2013, he was appointed Chief Sales Officer and President of the Continental division of the company. At the time, he managed 46 branches in the country and was responsible for their productivity, sales, and profitability. Parascandola’s dedication to service, results, and growth led to his appointment as senior executive vice president. At AXA, he spends most of his time developing young financial professionals. He leads over 225 professionals.

Before AXA, he was an insurance agent with Prudential from 1988. While at Prudential, he became the National Rookie of the Year. Later in 1990, he moved to MONY Life Insurance Company where he served as the sales manager, managing director, and field vice president. From 1986-1988 he was a systems analyst at the Irving Trust Company.

Vincent has a degree in Computer Science from the Lubin School of Business, Pace University. He also has certifications from the SEC and complies with the Financial Industry Regulatory Authority guidelines. Mr. Parascandola was chair of LIMRA Field Officers Committee. Read more on pocomuseum.org.

Playlist: https://vimeo.com/vincentparascandola/videos

The Leading Company in Financial Sector

Nexbank Capital Inc. is a financial institution with a focus in Mortgage Banking, Commercial Banking and Institutional Services to financial and institutional clients and corporation in the United States. Nexbank is ranked among the top financial service provider with sustainable profits, high asset value and ample liquidity.

Nexbank’s mission

Founded in 1922, Nexbank Capital provides unmatched sophisticated solutions to its clients through highly qualified professionals. Providing a variety of services that will enable companies to tackle their problems faster is the company’s top priority. The tailored solutions provided to their customers have excellent track-record.

Nexbank growth

Mid last year, Nexbank Capital raised twenty-four million dollars through equity capital. The President and CEO, John Holt, said that the money would be used for opportunities of growth and development of the company. He also appreciated the shareholders for coming out to help them raise the money. For the first six months of 2016, the company had had a sixty-one percent increase in assets and forty-nine percent increase in total deposit.

The company has shown massive growth since it started its operation including acquiring College Savings Bank. This acquisition was mainly to get to new markets because the College Saving Bank retained its operation. The 529 college-savings programs, helping parents save for their children’s college fees. Matt Siekielski, Executive Vice President and COO of NexBank Capital, said the acquisition would give clients opportunity to save for college, hence, accomplishing both short and long-term goals. He said the transaction was a win-win for both Nexbank and the College Saving Bank.

Nexbank team

The staff at Nexbank Capital have experience and high skills in the different divisions they work. The board, on the other hand, consists of successful business people who are experienced in heading big institutions. The Chairman being James Dondero, the Co-Founder and President of Highland Capital Management. This great team is what has kept the Nexbank Capital on the top.