Category Archives: Financial Institutions

How Vincent Parascandola Developed Into A Top Executive

Vincent Parascandola is an executive in the insurance and financial industries. He has worked for AXA US for several years and is now a senior executive vice president at the company. His job is to oversee more than 225 financial professionals where he developed their talent and increases their productivity. He is also responsible for hiring new advisors for the company.

After earning a computer science degree at the Lubin School of Business located at Pace University, Vincent Parascandola entered the insurance industry in 1986 at Irving Trust Company. His first role was as a systems analyst. In 1988 he Irving Trust Company when he got an opportunity to become an insurance agent for Prudential Insurance.

It was in 1990 that Vincent Parascandola joined The MONY Group. This company became his long-term home as he worked for it for 15 years, right up until it was bought out by AXA. He served in a number of leadership roles at The MONY Group such as being a managing director and a field vice president. After AXA bought the company he stayed on, becoming one of their executive vice president’s at the subsidiary AXA Equitable.

Vincent Parascandola’s company, AXA, is one of the largest firms in the world. It is a company that established itself in Paris, France, and has been around for more than 150 years. It is a global firm with operations in Europe, North America, Asia, and Africa. They offer both financial products, such as retirement accounts, as well as insurance products including life insurance and annuities.

According to crunchbase.com, as an executive, Vincent Parascandola has amassed a lot of knowledge about managing people. He is very experienced in boosting productivity among his staff members and increasing sales in his division. He has also developed the talent to recruit people who are a very good fit for AXA US and who will help the company boosts its bottom line.

Due to his career success, Vincent Parascandola has been asked to be a public speaker a number of times. Alumnius.net reveals that this includes being a keynote speaker at the university he graduated from as well as speaking at LIMRA’s corporate events.

 

Subscribe to Vincent Parascandola’s Vimeo channel to learn more about investing.

 

https://wallethub.com/profile/vincent-parascandola-13214204i/

 

One of the fastest rising Financial Institutions in America

NexBank Capital is a highly ranked financial institution that provides a broad range of services, including institutional, mortgage services, and commercial banking. This organization acquired its charter nearly nine decades ago. Executive James Dondero sits on the management committee of this institution. NexBank also pioneers in the provision of customized services for its various clients, including corporations, financial institutions, and institutional clients.

NexBank Capital acquires a $24 million round of funding

In 2016, this company announced that it had successfully raised about $24 million worth of investment capital. The aim of raising this money was to enable the company to increase proceeds to fund its general corporate needs. Upon completion of the transaction, John Holt, the boss of NexBank Capital Inc., thanked its shareholders on behalf of the company for their contribution and support. He also promised the capital raised would be used to grow the business to greater heights. Before raising this money, NexBank had made public its net income and its return on average (ROAE), which was $38.1 million and 37.6 percent respectively.

This company also reported that its total deposits had increased to $2.6 billion while its total assets had reached $3.5 billion. NexBank Capital subsidiary, NexBank SSB, had announced that its gross loans had risen to about $2.5 million, which is approximately 72 percent of the company’s total assets. NexBank SSB is one of the best-performing branches. According to Matt Siekielski, the COO of the bank, NexBank Capital is an organization that has over the years experienced stability despite economic downturns.

He also added that the firm is positioned to increase its revenue with this round of funding tremendously. In 2016, NexBank Capital Inc. together with its subsidiary, NexBank SSB, received outstanding ratings from Kroll Bond Rating Agency. NexBank Capital’s senior unsecured debt rating rose from BBB- to BBB. NexBank SSB, on the other hand, received a debt rating of BBB+. Additionally, this firm works with a team of more than 200 experienced professionals.