Businesses must understand the significance of compliance. Compliance is very important in businesses now because it helps avoid legal issues, maintain the company’s reputation, retain employees, improve corporate culture, and increase productivity.

Compliant businesses are usually more competitive because they can freely sell their products in any market without facing legal consequences. Customers trust these businesses more because they know they meet high quality standards and use safe materials for consumption.

One of the top companies to consider for streamlining and assisting with your compliance needs is Occams Advisory. Leveraging Fortune 500 expertise, Occams Advisory caters to medium and small businesses, serving as a trusted advisor and growth partner. The company is committed to propelling its clients through their business lifecycle, from inception to infinity.

Business Fortune recently spoke to David King, the Deputy CEO of Occams Advisory, on a myriad of topics ranging from Occams’ compliance services to his work experience with compliance regulations. The following excerpts are from the conversation that ensued.

Q. What were the series of events that led to your working at Occams Advisory?

I joined Occams Advisory after a successful career in global banking in Europe, where I developed my financial strategy skills and client relationships. The shift to Occams was driven by a desire to embrace more entrepreneurial challenges and to apply my expertise in a more dynamic and innovative environment. At Occams, I had the chance to combine my strategic skills with practical experience in business growth and development, especially in the diverse and flourishing US markets. I identify with Occams’ vision and values of simplifying complex business challenges and building long-term partnerships, as they align with my professional goals and leadership approach.

Q. Can you tell us about Occams Advisory’s growth over the years to where it now stands?

Occams has experienced remarkable growth since its inception in 2012. We started as a small startup helping small businesses with strategic advice. Now we have grown into a diverse advisory firm with a strong presence in important global markets. We have been consistently recognized on prestigious lists like the Inc. 5000, showing our fast revenue growth and innovative business practices. This expansion has been fueled by our commitment to delivering clear, integrated solutions that drive our clients’ success, paired with strategic acquisitions that have broadened our service offerings and deepened our market penetration.

Q. How does Occams’ philosophy influence the manner in which the company operates? Has the company’s operational philosophy made a difference in the way you work, even this late in your career?

Occams’ philosophy centers on simplifying complex problems to unlock human potential, which profoundly influences our operational approach. We prioritize clear, actionable strategies that deliver measurable results, which aligns with my own career-long focus on impact and effectiveness. This philosophy has rejuvenated my approach, even at this point in my career, by constantly pushing me to think strategically and act decisively. It encourages a culture of ownership and mindfulness, which not only enhances our service delivery but also fosters a workplace where continuous learning and improvement are part of our daily routine. This has allowed me to remain adaptive and innovative, keeping my work both challenging and fulfilling.

Q. What role do you play in how Occams Advisory helps small and medium businesses with their compliance needs?

As Deputy CEO, I oversee the integration of compliance services for small and medium businesses.

I ensure that our offerings are not only comprehensive but also accessible, simplifying complex regulatory environments for our clients. By aligning our compliance strategies with broader business goals, I help ensure that our clients not only meet their legal obligations but also gain strategic insights that foster their growth and stability. This involves staying ahead of regulatory changes and making sure that our advice is proactive and pragmatic, truly enabling our clients to focus on what they do best — growing their businesses.

Q. From a Chartered Accountant to Occams’ Deputy CEO, can you give us a brief overview of your illustrious career and how you got started in compliance?

My career began in the financial sector, where I worked extensively in global banking across Europe. This experience laid a solid foundation in financial management and regulatory compliance, essential skills in banking. Becoming Deputy CEO at Occams was driven by my desire to use rigorous financial discipline in a wider advisory role.

I started working in compliance because I needed to effectively navigate complex regulatory landscapes for our clients. My goal was to keep their operations legal while also optimizing their performance. This blend of finance and compliance expertise has been crucial in shaping our advisory services to be strong, reliable, and applicable to today’s business environments.

Q. With compliance requirements vastly varying from sector to sector and country to country, how has your vast experience uniquely set you up to navigate these challenges?

My background in global banking provided me with a deep understanding of diverse regulatory environments, equipping me with the skills to navigate the intricate compliance landscapes across different sectors and countries. This experience has been crucial at Occams, where we tailor our compliance strategies to meet the specific needs of each client, considering their industry and geographic location. Using this experience, I have guided our teams to provide specialized advice that complies with local regulations and encourages business growth. This approach helps our clients focus on their main activities while ensuring that their compliance needs are expertly managed.

Q. Tell us: What are Occams Advisory’s and your plans for the future?

Looking ahead, Occams is focused on expanding our influence and service offerings in emerging markets while enhancing our technological capabilities to better serve our clients. Personally, I am committed to driving this growth by leveraging our existing strengths in strategic advisory and compliance and by fostering innovation within our teams. We plan to deepen our engagements with current markets and explore new ones, ensuring that our solutions remain at the cutting edge of efficiency and effectiveness. Our goal is to not only grow Occams into a globally recognized brand but also to continue impacting our clients’ businesses positively, guiding them through complexities towards clear, measurable success.

Q. Would you like us to highlight something important happening in your company that we may have missed asking about?

Absolutely. One significant development at Occams Advisory that deserves mention is our expansion into mental wellness services. The new division plans to bring advanced mindfulness and wellness programs to companies, showing our comprehensive approach to professional services. By prioritizing the mental and emotional health of our employees and clients, we are establishing a new way for advisory firms to contribute to overall well-being, productivity, and success in the professional sphere. This initiative is important because it directly improves organizational efficiency and shows our dedication to developing people both professionally and personally.

Meet the Deputy CEO

David King serves as the Deputy CEO of Occams Advisory. His professional career began at PriceWaterhouse Coopers in Johannesburg, South Africa, where he served his Article Clerkship.

David played a key role in creating and applying the VAR (value at risk) and ERC (economic risk capital) risk models at Credit Suisse. He gained valuable skills and knowledge about financial systems through this experience, which he then used to start his own business journey in the United States. At Occams, David leverages his experience to drive growth and innovation, focusing on delivering strategic insights that empower clients’ success.

“Occams’ philosophy centers on simplifying complex problems to unlock human potential, which profoundly influences our operational approach. We prioritize clear, actionable strategies that deliver measurable results, which aligns with my own career-long focus on impact and effectiveness.”