CFTC Appoints Rahul Varma as Acting Director of Division of Market Oversight

The Commodity Futures Trading Commission (CFTC) has announced the appointment of Rahul Varma as the Acting Director of its Division of Market Oversight (DMO). The leadership appointment was announced by CFTC Acting Chairman Caroline D. Pham, who highlighted Varma's decade-plus tenure and expertise across derivatives markets. "Rahul has ably served the CFTC for more than a decade and brings a wealth of knowledge and experience to this new role," said Acting Chairman Pham. "I thank Rahul for his continued leadership in DMO." Varma joined the CFTC in 2013 as an Associate Director for Market Surveillance within the Division of Market Oversight, where his responsibilities covered energy, metals, agricultural, and softs commodity markets. In 2017, he helped establish DMO's Market Intelligence Branch and served as its Acting Deputy Director. Later in 2024, he assumed the role of Deputy Director overseeing the combined Market Intelligence and Product Review branches. Prior to his work at the CFTC, Varma held roles in risk management and consulting across the private sector. He also worked at the Federal Energy Regulatory Commission (FERC) within the Office of Market Oversight and Investigations, which was the predecessor to the agency's Office of Enforcement. Varma holds a Bachelor of Technology degree from the Indian Institute of Technology Delhi, a master's degree from Case Western Reserve University, and an MBA from George Washington University.