Under the Trustee Ordinance (Cap 29), Section 3A, trustees have a statutory duty of care and must exercise the care and skills expected when acting in that capacity during the course of business or profession.

Unitrust, as a professional trustee, has a duty to act in the best interest of the trust and its beneficiaries. A trustee should exercise care in safekeeping assets held in trust. Professional trustees cannot be exempted from liability for willful misconduct, gross negligence, or fraud. Therefore, in the event of loss of a client's assets, Unitrust will be held accountable for such actions or failures to act.