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An efficient method for the synthesis of β‐hydroxy and β‐amino ketones from allylic alcohols catalyzed by Ru(η5‐C5Ph5)(CO)2Cl is described. The influence of the stereoelectronic properties of the catalyst on the reaction outcome has been studied. Optimization of the reaction conditions supressed the formation of undesired side products such as saturated ketones, benzyl alcohols, and α,β‐unsaturated...