3414872 - Data Services Designer fails to be launched without error - SAP Data Services 4.x

SAP Data Services Designer crashes at launch without any error message in a multi-user environment for certain users. 

The event viewer shows error:

Faulting application name: AL_Designer.exe, version: 14.3.3.300, time stamp: 0x6655a889
Faulting module name: DiagramModelFW3.dll, version: 14.3.3.300, time stamp: 0x6655a705
Exception code: 0xc0000005
Fault offset: 0x00000000015018ce
Faulting process id: 2808
Faulting application start time: 01dc2c560f1c063f
Faulting application path: C:\Program Files (x86)\SAP BusinessObjects\Data Services\bin\AL_Designer.exe
Faulting module path: C:\Program Files (x86)\SAP BusinessObjects\Data Services\bin\DiagramModelFW3.dll
Report Id: 7bd6c944-5824-4037-b62b-f70c5ba7b94f
Faulting package full name: 
Faulting package-relative application ID:  

SAP Data Services 4.x

KBA , EIM-DS-DES , User Interface/Designer , Problem