HSBC (HSBC.US) is actively searching for a new CEO to lead its UK operations and drive the company's transformation.

HSBC (HSBC.US) said on Tuesday it had started the process of finding a new chief executive for its UK business, after appointing Ian Stuart to a new role focused on customer engagement and culture. The bank said in a statement that the move was part of its transformation to a "simpler, more energised and more flexible organisation" through its four key businesses.