Michael Jacoby, CTP

Michael Jacoby, Senior Managing Director and Strategic Advisory Practice Lead of J.S. Held, is a skilled executive with extensive operating, turnaround, restructuring, and M&A experience. Michael has served in advisory capacities as well as an independent director, Chief Restructuring Officer (CRO), investment banker, and interim manager for more than 400 clients in various industries.

Michael has been instrumental in assisting numerous clients with their financing and divestiture needs. Specific areas of expertise for Michael include crisis management; business strategy; cash flow management, control and forecasting; workflow and project management; business wind-downs; customer service improvement; inventory management; business and collateral valuations; and sales/marketing reinvigoration.

Michael Jacoby joined J.S. Held in October of 2023 as part of J.S. Held’s acquisition of Phoenix Management Services. Prior to joining Phoenix Management Services, Michael worked for PNC Bank in Philadelphia, managing a $500 million commercial loan portfolio. He was recruited by senior management to spearhead a newly created unit responsible for restructuring complex transactions with substandard risk classifications.

In May 2025, Michael was recognized as an "Icon" by ABF Journal among their Legends & Leaders, honoring him as industry leader and long-standing figure with enduring influence in asset-based lending and factoring.