Coordination of an ambiphilic diphosphine-borane (DPB) ligand to the RhCl(CO) fragment affords two isomeric complexes. According to X-ray diffraction analysis, each complex adopts a square-pyramidal geometry with trans coordination of the two phosphine buttresses and axial RhB contacts, but the two differ in the relative orientations around the rhodium and boron centres. DFT calculations on the actual complexes provide insight into the influence of the pi-accepting CO co-ligand, compared with previously reported complexes [Rh(mu-Cl)(dpb)]2 and [RhCl(dmap)(dpb)]. In addition, comparison of the nu(CO) frequency of [RhCl(CO)(dpb)] with that of the related borane-free complex [RhCl(CO)(iPr2PPh)2] substantiates the significant electron-withdrawing effect that the sigma-accepting borane moiety exerts on the metal. Valence isoelectronic [PtCl2(dpb)] and [PdCl2(dpb)] complexes have also been prepared and characterized spectroscopically and structurally. The pronounced influence of the transition metal on the magnitude of the M-->B interaction is highlighted by geometric considerations and NBO analyses.