A C2-symmetric chiral amino diol (1R,5R)-3-aza-3-benzyl-1,5-diphenyl pentan-1,5-diol [(R,R)-I] has been synthesised by a modified procedure. The heterobimetallic catalyst [I2-AI-Li] obtained by reaction of the amino diol [(R,R)-I] with LiAlH4, promotes asymmetric Michael addition of malonic esters and thiophenols to α,β-unsaturated compounds with high enantiomeric excess.