Reaction of LiInd(CH 2 ) 2 NMe 2 with (PR 3 ) 2 NiCl 2 gave the neutral complexes (η 3 :η 0 -Ind(CH 2 ) 2 -NMe 2 )Ni(PR 3 )Cl (R ) Ph (1) or Me (2)), while the PCy 3 analogue, (η 3 :η 0 -Ind(CH 2 ) 2 NMe 2 )-Ni(PCy 3 )Cl (3), was obtained by reacting 1 with PCy 3 . These Ni-Cl species react with R′Li or NaBPh 4 to form, respectively, the corresponding Ni-R′ derivatives (η 3 :η 0 -Ind(CH 2 ) 2 NMe 2 )-Ni(PR 3 )R′ (R ) Ph, R′ ) Me (4) or CCPh (5); R ) R′ ) Me ( 6)) or the cationic species [(η 3 : 7), Me (8), or Cy ( 9)), in which the NMe 2 moiety is coordinated to the nickel center. These complexes have been fully characterized, including solid state structure determinations by X-ray crystallography for complexes 2, 4, 5, 6, and 9. Inspection of the structural data showed that replacing the Cl ligand by the more strongly donating ligands CCPh and Me reinforces the Ni-P and Ni-Ind interactions. On the other hand, electrochemical measurements showed that the reduction potentials of the Ni-Cl compounds are intermediate between the Ni-R′ derivatives, which are more resistant to reduction, and the cationic species, which are the easiest to reduce. The cationic complexes are single-component catalysts for the polymerization of styrene, giving poly(styrene) with M w in the range of 10 4 -10 5 , and the hydrosilylation of styrene and 1-hexene with PhSiH 3 and Ph 2 SiH 2 . The nature of the phosphine ligand has an important influence on the catalytic reactivities, the PMe 3 analogue 8 being the most active catalyst.