Sitting in his office overlooking the Mediterranean, Tal Keinan, who three years ago founded Tel Aviv-based hedge fund KCPS, paints a bright future for Israel's finance industry.

"We feel like we are at the cusp of a revolution," says Mr Keinan, whose firm has grown rapidly and now employs 32 fund managers occupying the entire 30th floor of a landmark skyscraper not far from the city's beaches.