Immeuble ARO Antsahavola
B.P. 7631
101 - Antananarivo

Phone numbers :
+261 20 22 631 86
+261 32 07 631 86
Fax :
+261 20 22 337 20

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Consulting firm FTHM currently has five managing partners and more than 70 professional consultants.


Thierry RAJAONA, Co-founder and Managing partner

Thierry RAJAONA graduated from HEC Business School in Paris.

He has more than 25 years of experience in banking, industry and strategy consulting and management consultancies (ACCENTURE, FTHM Conseils).

He has worked for multinational companies and international agencies both in Europe and Madagascar



Xavier MICHEL – Partner, Managing Director

Xavier MICHEL has over 17 years of experience in the financial sector and consulting and has worked in France, Mauritius and Madagascar (CIC Banks, CCF-HSBC, Accenture and LOM Consulting).

As a partner at FTHM Consulting, he has significant experiences in project management, optimization and restructuring assignments.

His main expertise is in banking, mobile banking, microfinance, outsourcing and functional architecture.


  Alain PIERRE BERNARD, Partner

Statistician graduated from the Institute of Statistics of the University of Paris (ISUP), Alain PIERRE BERNARD is also an engineer economist graduated from the French Petroleum Institute (IFP). He has more than 30 years of professional experience in Strategy, Organization, Managing Change, Governance, Industry and International Trade fields.

International trade expert, he served as Trade Policy Advisor at UNDP Zambia and at the UNDP Regional Service Center in Dakar, Senegal. He joined FTHM Consulting in May 2014 as a Partner.


 Haingo Herizo RATSIMIAHY, Partner

Haingo Herizo RATSIMIAHY has been awarded a Master of Business Administration in International Business by Coventry University Business School, United Kingdom ; a Magister degree in Economics and Management Studies by Centre National de Télé Enseignement de Madagascar and a Master of Science in Applied Biology/Entomology by the Faculty of Science, University of Antananarivo.

He has more than 15 years of work experience in the fields of project management, organizational audit, economic study, ...

He carried out consulting projects for big companies (Brasseries STAR, TOTAL, etc.) and international donors (AFD, World Bank, etc.) in Madagascar and other african countries.


 Djibril KONE, Associate Partner of FTHM Consulting in Ivory Coast

Djibril KONE, has an Executive Certificate from HEC PARIS, a Master’s degree of Business Administration from EM LYON, a DESS in Engineering of information system delivered by the University of Toulouse, a master’s degree in Economy and a bachelor’s degree in econometrics.

He is currently the Associate Partner of FTHM Consulting based in Abidjan, Ivory Coast. He has accumulated 17 years of professional experience in Africa and Europa. His fields of expertise are information systems, business process improvement, project management, ...

His career led him to work within major companies (ORANGE, ALCATEL LUCENT, etc.) but also as an independent consultant.



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