The catalyst functionalized micelle support was prepared by first encapsulating Co-porphyrin within the hydrophobic core, followed by the Rh-TsDPEN on the hydrophilic periphery. Co and Rh loadings were assessed by inductively coupled plasma -optical emission spectroscopy, which also confirmed the presence of each species within the support. In a preliminary compatibility study, it was found that the Co-porphyrin catalyzed hydration of alkyne to ketone is not compatible with the Rh-TsDPEN catalyzed asymmetric hydrogenation of ketone to secondary alcohol, and when the two catalytic reactions were carried out in tandem no product was detected. To bypass the issue, the cobalt catalyst was immobilized in the hydrophobic core of the micelle and the rhodium catalyst in the hydrophilic shell thus separating the two catalytic systems in two different domains to avoid interference. The intra-micellar diffusion of the ketone intermediate was fast enough to render high efficiency to the overall reaction.