Stan Chartered CEO sees mkt turbulence continuing

SEOUL, March 7 (Reuters) - The head of British-based bank Standard Chartered (STAN.L: Quote, Profile, Research, Stock Buzz) said on Friday he saw current global market turbulence continuing for several more months.

"The financial markets' problems are starting to affect the real economy," said Peter Sands, CEO of the London-based bank, during a media briefing, adding that Standard Chartered had no direct exposure to the situation.

Standard Chartered beat forecasts with a 27 percent rise in 2007 profits last week.

The bank took a $300 million writedown on its exposure to risky assets, including a $116 million hit on its Whistlejacket structured investment vehicle in 2007, but the total was modest compared to losses at other major banks.

Sands also said the company did not plan to re-list Seoul-based SC First Bank, which it acquired in 2005 for $3.3 billion.

(Reporting by Marie-France Han; Editing by Keiron Henderson)