The terminal zinc and magnesium hydride compounds, [κ-Tism]ZnH and [Tism]MgH, which feature the tris[(1-isopropylbenzimidazol-2-yl)dimethylsilyl]methyl ligand, react with B(CF) to afford the ion pairs, {[Tism]M}[HB(CF)] (M = Zn, Mg), which are rare examples of these metals in trigonal monopyramidal coordination environments. Significantly, in combination with B(CF), {[Tism]M}-[HB(CF)] generates catalytic systems for the hydrosilylation of CO by RSiH to afford sequentially the bis(silyl)acetal, HC(OSiR), and CH (RSiH = PhSiH, EtSiH, and PhSiH). In contrast to many other catalysts for these transformations, both the zinc and magnesium catalytic systems are active at room temperature, and the latter provides the first example of catalytic hydrosilylation of CO involving a magnesium compound. Also of note, the selectivity of the catalytic systems may be controlled by the nature of the silane, with PhSiH favoring CH, and PhSiH favoring the bis(silyl)acetal, HC(OSiPh).