The Commodity Futures Trading Commission (CFTC) has tapped Rahul Varma to serve as the acting director of the Division of Market Oversight (DMO).
“Rahul has ably served the CFTC for more than a decade and brings a wealth of knowledge and experience to this new role,” Acting CFTC Chair Caroline Pham said. “I thank Rahul for his continued leadership in DMO.”
Varma joined the CFTC in 2013 as an associate director for market surveillance in DMO. In this role, he had responsibility for energy, metals, agricultural, and softs markets. In 2017, Varma helped start the Market Intelligence Branch in DMO and served as its acting deputy director.
Then, in 2024, he took on the role of deputy director for the combined Market Intelligence and Product Review branches.
Prior to joining the CFTC, Varma held risk management and consulting roles in the private sector. Further, Varma worked at the Federal Energy Regulatory Commission (FERC) in the Office of Market Oversight and Investigations. This office is the predecessor of the Office of Enforcement.
Varma has a BTech from IIT Delhi. He also has a master’s degree from Case Western Reserve University in Cleveland, and an MBA from George Washington University in Washington, D.C.