The former OMERS Ventures investor, who currently oversees RBCx, will add oversight of the bank’s venture arm to his role at RBC. (The Logic)

Talking point: The announcement mentions more future coordination between RBC Ventures, a VC arm and incubator for new companies, and RBCx, which provides specialized advice and financial services to tech companies. “The ability to combine our capabilities and leverage the deep innovation, venture capital, M&A and scaling experiences of our teams will further set the organization apart as we embark on this next stage of growth,” Paquette said in a statement. RBC formally launched RBCx last as part of a push to attract startups’ and scale-ups’ business. RBC Ventures was previously led by Neil McLoughlin, RBC’s group head for personal and commercial banking, who assumed responsibility for the division after its previous head, Mike Dobbins, left the bank in November.