John Symond, the one-time battler who narrowly avoided bankruptcy in the 1990s and went on to grow a fortune worth about $600 million, last week held his traditional end-of-year soiree at his Point Piper mansion. The event, catered by celebrity chef Matt Moran (MasterChef and Aria Restaurant), featured the usual roll call of elite business figures including recently appointed News Limited boss Kim Williams and Seven director Bruce McWilliam.

What was most peculiar though was a report buried in The Australian Financial Review’s Street Talk column that also enjoying Symond’s generous hospitality was recently appointed ASIC chairman Greg Medcraft.